Janney Montgomery Scott LLC Has $17.23 Million Stock Holdings in Carrier Global Corporation (NYSE:CARR)

Janney Montgomery Scott LLC raised its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 72.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,795 shares of the company's stock after purchasing an additional 114,162 shares during the quarter. Janney Montgomery Scott LLC's holdings in Carrier Global were worth $17,232,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CARR. BOK Financial Private Wealth Inc. boosted its holdings in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE increased its stake in Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock valued at $26,000 after buying an additional 180 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Carrier Global during the 4th quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth about $31,000. Finally, Mattson Financial Services LLC bought a new position in shares of Carrier Global in the 4th quarter valued at about $31,000. 91.00% of the stock is currently owned by institutional investors.

Insider Activity at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the sale, the director now owns 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a report on Friday, May 9th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Royal Bank Of Canada raised their target price on shares of Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday, May 20th. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Carrier Global currently has an average rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Stock Performance

Shares of NYSE CARR traded up $0.02 during mid-day trading on Thursday, reaching $69.80. 4,073,098 shares of the company were exchanged, compared to its average volume of 4,691,105. The stock has a market capitalization of $59.84 billion, a P/E ratio of 10.80, a P/E/G ratio of 1.96 and a beta of 1.33. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. The company's 50-day simple moving average is $68.24 and its 200-day simple moving average is $67.40. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a net margin of 25.45% and a return on equity of 18.10%. The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the prior year, the firm earned $0.51 EPS. The business's revenue was down 3.7% on a year-over-year basis. As a group, research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.29%. Carrier Global's payout ratio is currently 13.93%.

Carrier Global 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.