Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Purchases 41,021 Shares of Carrier Global Corporation $CARR

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD raised its position in Carrier Global Corporation (NYSE:CARR) by 79.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 92,933 shares of the company’s stock after buying an additional 41,021 shares during the quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in Carrier Global were worth $5,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CARR. Costello Asset Management INC raised its position in Carrier Global by 4.2% during the second quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock valued at $231,000 after purchasing an additional 127 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Carrier Global by 1.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 12,083 shares of the company’s stock valued at $884,000 after purchasing an additional 150 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Carrier Global by 1.0% in the 2nd quarter. Kingsview Wealth Management LLC now owns 17,110 shares of the company’s stock valued at $1,252,000 after purchasing an additional 165 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Carrier Global by 0.6% in the 2nd quarter. Empirical Finance LLC now owns 29,227 shares of the company’s stock valued at $2,139,000 after purchasing an additional 168 shares during the last quarter. Finally, Poehling Capital Management INC. raised its holdings in shares of Carrier Global by 0.4% during the 2nd quarter. Poehling Capital Management INC. now owns 38,397 shares of the company’s stock worth $2,810,000 after buying an additional 169 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CARR. Wells Fargo & Company reduced their price objective on Carrier Global from $62.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 4th. Rothschild & Co Redburn reduced their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Royal Bank Of Canada decreased their price target on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, December 5th. Oppenheimer reissued a “market perform” rating on shares of Carrier Global in a research note on Wednesday, October 29th. Finally, Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Friday, November 21st. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.06.

Carrier Global Stock Up 1.4%

Shares of NYSE CARR opened at $61.18 on Wednesday. The company has a 50 day simple moving average of $54.89 and a 200 day simple moving average of $59.47. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09. The firm has a market cap of $51.53 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.43 and a beta of 1.33.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, January 20th. Carrier Global’s dividend payout ratio (DPR) is presently 21.48%.

Carrier Global announced that its board has approved a share repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Carrier Global Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.