J.W. Cole Advisors Inc. Has $681,000 Stake in Carrier Global Co. (NYSE:CARR)

J.W. Cole Advisors Inc. grew its holdings in shares of Carrier Global Co. (NYSE:CARR) by 19.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,862 shares of the company’s stock after acquiring an additional 1,897 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Carrier Global were worth $681,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CARR. OFI Invest Asset Management acquired a new position in Carrier Global during the third quarter worth about $28,000. Larson Financial Group LLC grew its holdings in shares of Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares during the last quarter. VisionPoint Advisory Group LLC bought a new stake in shares of Carrier Global during the third quarter worth about $30,000. GHP Investment Advisors Inc. grew its holdings in shares of Carrier Global by 205.1% during the third quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares during the last quarter. Finally, Planned Solutions Inc. bought a new stake in shares of Carrier Global during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $53.62 on Tuesday. The company has a market capitalization of $48.26 billion, a PE ratio of 33.94, a P/E/G ratio of 2.26 and a beta of 1.39. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $60.87. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73. The company has a 50 day simple moving average of $56.32 and a two-hundred day simple moving average of $54.75.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. Research analysts anticipate that Carrier Global Co. will post 2.82 earnings per share 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 given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is 48.10%.

Insider Transactions at Carrier Global

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

Wall Street Analyst Weigh In

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

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.