J.W. Cole Advisors Inc. Has $2.49 Million Stock Position in Carrier Global Corporation (NYSE:CARR)

J.W. Cole Advisors Inc. grew its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 171.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,287 shares of the company's stock after buying an additional 24,818 shares during the period. J.W. Cole Advisors Inc.'s holdings in Carrier Global were worth $2,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Syon Capital LLC boosted its holdings in 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 buying an additional 155 shares during the last quarter. Code Waechter LLC boosted its holdings in Carrier Global by 5.1% during the first quarter. Code Waechter LLC now owns 3,383 shares of the company's stock worth $214,000 after buying an additional 164 shares during the last quarter. Essex Financial Services Inc. boosted its holdings in Carrier Global by 0.4% during the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock worth $2,649,000 after buying an additional 173 shares during the last quarter. Beck Mack & Oliver LLC boosted its holdings in Carrier Global by 1.9% during the fourth quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock worth $623,000 after buying an additional 174 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE boosted its holdings in Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after buying an additional 180 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Down 0.8%

NYSE:CARR opened at $75.99 on Tuesday. The firm has a market capitalization of $65.14 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 2.09 and a beta of 1.31. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32. The stock's 50 day moving average price is $73.11 and its two-hundred day moving average price is $67.87. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The business's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 EPS. Equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

Insiders Place Their Bets

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the sale, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Melius assumed coverage on Carrier Global in a report on Tuesday, July 1st. They set a "hold" rating and a $90.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Mizuho set a $72.00 price objective on Carrier Global in a report on Tuesday, April 22nd. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a report on Friday, May 9th. Finally, Royal Bank Of Canada boosted their target price on Carrier Global from $86.00 to $87.00 and gave the company an "outperform" rating in a research note on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and an average target price of $84.65.

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.

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