Carrier Global Co. (NYSE:CARR – Get Free Report) saw some unusual options trading on Tuesday. Investors acquired 17,572 put options on the company. This represents an increase of 141% compared to the typical volume of 7,288 put options.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Bank of America lifted their price target on Carrier Global from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Royal Bank of Canada reduced their target price on shares of Carrier Global from $87.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. JPMorgan Chase & Co. began coverage on shares of Carrier Global in a report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 price target for the company. Robert W. Baird dropped their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Stephens decreased their price objective 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. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $83.36.
View Our Latest Report on Carrier Global
Institutional Inflows and Outflows
Carrier Global Trading Down 0.8 %
NYSE CARR opened at $68.17 on Wednesday. Carrier Global has a 12 month low of $53.13 and a 12 month high of $83.32. The stock has a 50-day simple moving average of $72.87 and a 200 day simple moving average of $72.02. 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 company has a market capitalization of $61.16 billion, a PE ratio of 17.26, a P/E/G ratio of 2.73 and a beta of 1.36.
Carrier Global Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.32%. Carrier Global’s dividend payout ratio is 22.78%.
Carrier Global declared that its board has authorized a stock repurchase program on Thursday, October 24th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
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.
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