Fifth Third Wealth Advisors LLC Has $732,000 Holdings in Carrier Global Co. (NYSE:CARR)

Fifth Third Wealth Advisors LLC decreased its stake in Carrier Global Co. (NYSE:CARR) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,099 shares of the company’s stock after selling 1,205 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Carrier Global were worth $732,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. BIP Wealth LLC acquired a new stake in shares of Carrier Global in the 3rd quarter valued at approximately $417,000. OneAscent Financial Services LLC acquired a new position in shares of Carrier Global in the 3rd quarter valued at $212,000. Tranquility Partners LLC bought a new stake in shares of Carrier Global in the 3rd quarter valued at $207,000. Caldwell Investment Management Ltd. acquired a new stake in Carrier Global during the 3rd quarter worth $1,215,000. Finally, Pathstone Holdings LLC lifted its holdings in Carrier Global by 1.2% during the third quarter. Pathstone Holdings LLC now owns 118,276 shares of the company’s stock worth $9,520,000 after acquiring an additional 1,378 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CARR shares. Morgan Stanley assumed coverage on Carrier Global in a research report on Friday, September 6th. They issued an “equal weight” rating and a $75.00 price objective for the company. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, November 13th. Oppenheimer boosted their price objective on shares of Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Robert W. Baird dropped their price target on Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company reduced their price objective on Carrier Global from $82.00 to $76.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.31.

Carrier Global Stock Up 0.2 %

Carrier Global stock opened at $74.50 on Thursday. Carrier Global Co. has a fifty-two week low of $51.20 and a fifty-two week high of $83.32. The firm has a market capitalization of $66.84 billion, a PE ratio of 18.86, a P/E/G ratio of 2.68 and a beta of 1.34. The company’s 50-day moving average is $77.86 and its 200-day moving average is $70.10. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82.

Carrier Global declared that its board has approved a share buyback program on Thursday, October 24th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, October 25th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $0.76 annualized dividend and a dividend yield of 1.02%. Carrier Global’s dividend payout ratio is currently 19.24%.

About Carrier Global

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.