Carrier Global Co. (NYSE:CARR) Position Boosted by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. lifted its holdings in Carrier Global Co. (NYSE:CARR) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,987 shares of the company’s stock after purchasing an additional 10,496 shares during the period. Williams Jones Wealth Management LLC.’s holdings in Carrier Global were worth $21,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. grew its position in Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after buying an additional 143 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after acquiring an additional 147 shares in the last quarter. Hanson & Doremus Investment Management grew its holdings in shares of Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after acquiring an additional 150 shares during the last quarter. Syon Capital LLC raised its position in shares of Carrier Global by 2.2% during the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company’s stock worth $484,000 after purchasing an additional 155 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its holdings in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $75.85 on Tuesday. The stock has a market capitalization of $65.03 billion, a P/E ratio of 12.08, a P/E/G ratio of 2.01 and a beta of 1.33. The business has a 50-day moving average of $64.73 and a two-hundred day moving average of $67.93. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. On average, equities research analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, May 2nd. Carrier Global’s payout ratio is 13.93%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barclays lifted their price target on Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Royal Bank of Canada raised their price objective on shares of Carrier Global from $71.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. Northcoast Research upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Friday, May 9th. Citigroup reduced their target price on Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Wells Fargo & Company lifted their price target on Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

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.