Carrier Global Co. (NYSE:CARR) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in shares of Carrier Global Co. (NYSE:CARRFree Report) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,335 shares of the company’s stock after purchasing an additional 9,673 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Carrier Global were worth $8,022,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CARR. Argent Trust Co boosted its stake in Carrier Global by 0.7% during the third quarter. Argent Trust Co now owns 46,865 shares of the company’s stock valued at $2,587,000 after buying an additional 336 shares in the last quarter. Northeast Investment Management lifted its stake in shares of Carrier Global by 28.8% in the 3rd quarter. Northeast Investment Management now owns 7,163 shares of the company’s stock valued at $395,000 after purchasing an additional 1,600 shares during the last quarter. First Command Advisory Services Inc. acquired a new stake in Carrier Global in the 3rd quarter worth approximately $120,000. Penobscot Investment Management Company Inc. grew its holdings in Carrier Global by 16.6% in the 3rd quarter. Penobscot Investment Management Company Inc. now owns 14,512 shares of the company’s stock valued at $801,000 after buying an additional 2,070 shares during the last quarter. Finally, Amalgamated Bank increased its stake in Carrier Global by 5.5% during the third quarter. Amalgamated Bank now owns 229,653 shares of the company’s stock valued at $12,677,000 after acquiring an additional 12,074 shares during the period. Institutional investors and hedge funds own 91.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CARR shares. Citigroup increased their price objective on shares of Carrier Global from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, December 11th. Wells Fargo & Company dropped their price target on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Oppenheimer lowered their price target on shares of Carrier Global from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, October 23rd. Finally, Royal Bank of Canada decreased their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $58.29.

View Our Latest Analysis on CARR

Insiders Place Their Bets

In related news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Ajay Agrawal sold 16,500 shares of the company’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $57.99, for a total value of $956,835.00. Following the completion of the transaction, the vice president now directly owns 89,920 shares in the company, valued at $5,214,460.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were 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 directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Insiders sold a total of 397,590 shares of company stock worth $21,586,315 over the last ninety days. 0.38% of the stock is owned by company insiders.

Carrier Global Price Performance

Carrier Global stock opened at $56.01 on Friday. The company has a fifty day simple moving average of $55.97 and a 200-day simple moving average of $54.55. Carrier Global Co. has a 52-week low of $40.28 and a 52-week high of $60.04. The company has a quick ratio of 1.25, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $50.32 billion, a price-to-earnings ratio of 35.45, a PEG ratio of 1.87 and a beta of 1.42.

Carrier Global (NYSE:CARRGet Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the firm posted $0.40 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, equities analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 9th. Investors of record on Thursday, December 21st were given a dividend of $0.19 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, December 20th. This represents a $0.76 annualized dividend and a yield of 1.36%. Carrier Global’s dividend payout ratio is 48.10%.

Carrier Global Profile

(Free Report)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

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

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