Brighton Jones LLC Has $543,000 Stock Holdings in Carrier Global Co. (NYSE:CARR)

Brighton Jones LLC increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 30.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,958 shares of the company’s stock after acquiring an additional 1,850 shares during the period. Brighton Jones LLC’s holdings in Carrier Global were worth $543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CARR. FSA Wealth Management LLC bought a new stake in shares of Carrier Global during the third quarter worth $28,000. McClarren Financial Advisors Inc. raised its stake in shares of Carrier Global by 246.0% during the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock worth $35,000 after buying an additional 310 shares during the last quarter. Coastline Trust Co acquired a new position in Carrier Global in the third quarter valued at approximately $37,000. Country Trust Bank bought a new position in Carrier Global in the third quarter valued at approximately $40,000. Finally, Capital Performance Advisors LLP acquired a new stake in Carrier Global during the 3rd quarter worth $44,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.2 %

NYSE CARR opened at $70.05 on Monday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. Carrier Global Co. has a 52 week low of $53.13 and a 52 week high of $83.32. The stock has a market capitalization of $62.85 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 2.26 and a beta of 1.36. The stock’s 50 day moving average price is $71.42 and its two-hundred day moving average price is $72.49.

Carrier Global announced that its Board of Directors has approved a stock repurchase program on Thursday, October 24th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, December 20th will be issued a dividend of $0.225 per share. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.28%. Carrier Global’s dividend payout ratio is presently 22.78%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CARR shares. The Goldman Sachs Group assumed coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Royal Bank of Canada lowered their price target on Carrier Global from $87.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company lowered their target price on shares of Carrier Global from $80.00 to $75.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Finally, Bank of America lifted their price target on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.93.

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.