Jefferies Financial Group Inc. Lowers Holdings in Carrier Global Co. (NYSE:CARR)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CARR. RFG Advisory LLC grew its stake in Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock valued at $489,000 after purchasing an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC lifted its holdings in Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock valued at $1,410,000 after acquiring an additional 19,018 shares during the period. Waldron Private Wealth LLC boosted its position in Carrier Global by 90.5% in the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company's stock worth $1,128,000 after purchasing an additional 7,854 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in Carrier Global by 27.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock valued at $89,706,000 after buying an additional 285,803 shares in the last quarter. Finally, Gateway Wealth Partners LLC grew its position in shares of Carrier Global by 221.8% during the 4th quarter. Gateway Wealth Partners LLC now owns 10,327 shares of the company's stock valued at $705,000 after acquiring an additional 7,118 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Up 0.3%

Shares of NYSE CARR traded up $0.23 during trading on Monday, hitting $75.85. 6,554,474 shares of the company were exchanged, compared to its average volume of 4,617,188. The company has a fifty day moving average price of $64.53 and a 200-day moving average price of $67.91. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a market capitalization of $65.03 billion, a PE ratio of 12.08, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 12-month low of $54.22 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the previous year, the firm earned $0.51 earnings per share. Carrier Global's quarterly revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be given a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.19%. Carrier Global's payout ratio is currently 13.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CARR shares. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Barclays lifted their price target on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Mizuho set a $72.00 price objective on shares of Carrier Global in a research report on Tuesday, April 22nd. Royal Bank of Canada increased their price objective on shares of Carrier Global from $71.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday. Four 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. According to MarketBeat, Carrier Global has an average rating of "Moderate Buy" and an average target price of $82.53.

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.