JFS Wealth Advisors LLC Raises Stock Holdings in Carrier Global Co. (NYSE:CARR)

JFS Wealth Advisors LLC lifted its stake in shares of Carrier Global Co. (NYSE:CARRFree Report) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,914 shares of the company’s stock after buying an additional 632 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Carrier Global were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in Carrier Global by 2.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,391 shares of the company’s stock valued at $8,026,000 after purchasing an additional 3,691 shares during the last quarter. Park Avenue Securities LLC raised its stake in Carrier Global by 10.4% during the third quarter. Park Avenue Securities LLC now owns 20,284 shares of the company’s stock worth $1,120,000 after acquiring an additional 1,910 shares during the period. Assetmark Inc. lifted its holdings in Carrier Global by 9.7% in the third quarter. Assetmark Inc. now owns 104,704 shares of the company’s stock worth $5,780,000 after acquiring an additional 9,283 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in Carrier Global by 6.0% in the third quarter. First Trust Direct Indexing L.P. now owns 15,060 shares of the company’s stock valued at $831,000 after acquiring an additional 852 shares during the period. Finally, Choate Investment Advisors grew its holdings in shares of Carrier Global by 1.9% during the third quarter. Choate Investment Advisors now owns 20,313 shares of the company’s stock valued at $1,121,000 after purchasing an additional 372 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.95% of the stock is currently owned by insiders.

Carrier Global Stock Up 0.4 %

NYSE CARR traded up $0.26 during trading on Friday, hitting $65.50. 2,762,878 shares of the company traded hands, compared to its average volume of 4,982,987. Carrier Global Co. has a 12 month low of $40.49 and a 12 month high of $66.32. The business has a fifty day simple moving average of $58.28 and a 200 day simple moving average of $55.66. The company has a market capitalization of $59.02 billion, a P/E ratio of 45.80, a PEG ratio of 2.76 and a beta of 1.34. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARRGet Free Report) last posted its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, sell-side analysts predict that Carrier Global Co. will post 2.84 EPS for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.16%. Carrier Global’s payout ratio is 53.15%.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of recent analyst reports. Barclays increased their price objective on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Robert W. Baird upped their price objective on Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. TD Cowen boosted their price target on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Citigroup raised their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, Oppenheimer increased their target price on shares of Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.71.

Check Out Our Latest Stock Report on Carrier Global

Carrier Global Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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