Carrier Global Co. (NYSE:CARR) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lowered its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 89.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,509 shares of the company's stock after selling 80,940 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Carrier Global were worth $649,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CARR. BOK Financial Private Wealth Inc. lifted its stake in Carrier Global by 80.0% in 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. 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 worth $26,000 after acquiring an additional 180 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the 4th quarter worth about $31,000. Meeder Asset Management Inc. lifted its position in Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after purchasing an additional 340 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in Carrier Global during the fourth quarter valued at approximately $37,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Price Performance

NYSE:CARR traded down $0.29 during trading hours on Friday, reaching $71.12. 6,337,867 shares of the company were exchanged, compared to its average volume of 4,650,460. Carrier Global Co. has a twelve month low of $54.22 and a twelve month high of $83.32. The stock's 50-day moving average is $65.63 and its 200-day moving average is $67.83. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market cap of $60.97 billion, a PE ratio of 11.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 23.83% and a return on equity of 18.82%. Carrier Global's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.27%. Carrier Global's payout ratio is 13.93%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Mizuho set a $72.00 price objective on Carrier Global in a research report on Tuesday, April 22nd. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Citigroup decreased their price objective on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target on the stock in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Four 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

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.