J.W. Cole Advisors Inc. Raises Stock Holdings in Carrier Global Co. (NYSE:CARR)

J.W. Cole Advisors Inc. raised its stake in Carrier Global Co. (NYSE:CARR) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,862 shares of the company’s stock after acquiring an additional 1,897 shares during the period. J.W. Cole Advisors Inc.’s holdings in Carrier Global were worth $681,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. C WorldWide Group Holding A S purchased a new position in Carrier Global in the third quarter worth about $260,761,000. Impax Asset Management Group plc raised its holdings in Carrier Global by 6,362.1% in the third quarter. Impax Asset Management Group plc now owns 2,236,841 shares of the company’s stock worth $123,474,000 after buying an additional 2,202,226 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Carrier Global by 103.2% in the third quarter. Envestnet Asset Management Inc. now owns 2,600,774 shares of the company’s stock worth $143,563,000 after buying an additional 1,320,621 shares during the last quarter. FMR LLC raised its holdings in Carrier Global by 18.3% in the third quarter. FMR LLC now owns 6,666,775 shares of the company’s stock worth $368,006,000 after buying an additional 1,033,484 shares during the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in Carrier Global in the third quarter worth about $48,735,000. 91.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $53.62 on Tuesday. The firm has a 50 day moving average of $56.32 and a 200 day moving average of $54.75. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $48.26 billion, a price-to-earnings ratio of 33.94, a price-to-earnings-growth ratio of 2.26 and a beta of 1.39. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $60.87.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 earnings per share. On average, research analysts anticipate that Carrier Global Co. will post 2.82 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.42%. Carrier Global’s payout ratio is currently 48.10%.

Analysts Set New Price Targets

Several brokerages have issued reports on CARR. Royal Bank of Canada decreased their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Oppenheimer reiterated an “outperform” rating and issued a $63.00 price target on shares of Carrier Global in a research note on Thursday, April 18th. Barclays lifted their price target on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup lifted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company reduced their price target on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.15.

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.