Carrier Global Co. (NYSE:CARR) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Carrier Global Co. (NYSE:CARR) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,744,407 shares of the company’s stock after acquiring an additional 49,196 shares during the period. Charles Schwab Investment Management Inc. owned about 0.53% of Carrier Global worth $381,877,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CARR. Olistico Wealth LLC acquired a new stake in shares of Carrier Global in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. boosted its holdings in shares of Carrier Global by 675.0% in the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after acquiring an additional 405 shares during the period. EdgeRock Capital LLC purchased a new position in shares of Carrier Global during the second quarter worth approximately $32,000. Hantz Financial Services Inc. acquired a new position in shares of Carrier Global in the 2nd quarter valued at $35,000. Finally, McClarren Financial Advisors Inc. raised its position in Carrier Global by 246.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of several research reports. Robert W. Baird lowered their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company dropped their price target on Carrier Global from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. Mizuho upped their price objective on Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Stephens lowered their target price on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Finally, Northcoast Research started coverage on Carrier Global in a research note on Friday. They set a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $82.31.

Carrier Global Price Performance

Shares of NYSE CARR opened at $77.00 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The stock has a market cap of $69.09 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.67 and a beta of 1.34. The company’s 50-day moving average price is $77.88 and its 200 day moving average price is $70.23. Carrier Global Co. has a 52 week low of $51.20 and a 52 week high of $83.32.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, October 25th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, October 25th. Carrier Global’s payout ratio is 19.24%.

Carrier Global announced that its board has approved a share repurchase plan on Thursday, October 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 4.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.