Pacer Advisors Inc. Has $6.38 Million Holdings in Carrier Global Co. (NYSE:CARR)

Pacer Advisors Inc. grew its position in Carrier Global Co. (NYSE:CARR) by 10.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,226 shares of the company’s stock after purchasing an additional 7,265 shares during the period. Pacer Advisors Inc.’s holdings in Carrier Global were worth $6,377,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Carrier Global by 2.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,218 shares of the company’s stock valued at $23,843,000 after acquiring an additional 6,140 shares during the period. Cornerstone Advisors LLC boosted its holdings in Carrier Global by 5.1% in the 3rd quarter. Cornerstone Advisors LLC now owns 29,100 shares of the company’s stock worth $2,342,000 after buying an additional 1,400 shares during the period. Advisors Asset Management Inc. grew its stake in Carrier Global by 231.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 15,960 shares of the company’s stock valued at $1,285,000 after buying an additional 11,144 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Carrier Global during the 3rd quarter valued at $590,000. Finally, Hilton Capital Management LLC lifted its position in shares of Carrier Global by 1.3% during the third quarter. Hilton Capital Management LLC now owns 93,749 shares of the company’s stock worth $7,546,000 after acquiring an additional 1,199 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price objective on Carrier Global from $82.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. Stephens decreased their price target on Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Mizuho raised their price objective on shares of Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird decreased their target price on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Barclays cut their price target on shares of Carrier Global from $90.00 to $89.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Eight investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.31.

Carrier Global Stock Up 1.3 %

Shares of Carrier Global stock opened at $77.00 on Monday. The stock has a market capitalization of $69.09 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.73 and a beta of 1.34. Carrier Global Co. has a 52-week low of $51.20 and a 52-week high of $83.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. The company’s 50 day moving average price is $77.88 and its 200-day moving average price is $70.32.

Carrier Global Announces Dividend

The firm 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 dividend on an annualized basis 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 of Directors has approved a share repurchase program on Thursday, October 24th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the company to buy up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is 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.