Burns J W & Co. Inc. NY Sells 185 Shares of Carrier Global Co. (NYSE:CARR)

Burns J W & Co. Inc. NY lowered its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,757 shares of the company’s stock after selling 185 shares during the period. Burns J W & Co. Inc. NY’s holdings in Carrier Global were worth $682,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Norges Bank bought a new position in shares of Carrier Global in the fourth quarter worth approximately $588,029,000. Wealthfront Advisers LLC lifted its stake in shares of Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock worth $341,300,000 after buying an additional 4,915,826 shares in the last quarter. Brown Advisory Inc. lifted its stake in shares of Carrier Global by 139.1% in the fourth quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company’s stock worth $361,544,000 after buying an additional 3,080,984 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Carrier Global in the fourth quarter worth approximately $166,061,000. Finally, Raymond James Financial Inc. bought a new position in shares of Carrier Global in the fourth quarter worth approximately $108,433,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.4%

CARR opened at $71.12 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a market capitalization of $60.97 billion, a PE ratio of 11.32, a PEG ratio of 2.01 and a beta of 1.33. The firm’s 50 day simple moving average is $65.63 and its two-hundred day simple moving average is $67.83.

Carrier Global (NYSE:CARR) last released 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. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period last year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. As a group, equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current 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 paid 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 dividend payout ratio (DPR) is presently 13.93%.

Wall Street Analyst Weigh In

CARR has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective 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. Wolfe Research raised 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. Wells Fargo & Company boosted their price objective on shares of 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 shares of Carrier Global in a report on Tuesday, April 22nd. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Carrier Global in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.00.

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.