Jacobi Capital Management LLC Raises Holdings in Carrier Global Co. (NYSE:CARR)

Jacobi Capital Management LLC boosted its stake in shares of Carrier Global Co. (NYSE:CARR – Get Rating) by 4.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,475 shares of the company’s stock after buying an additional 432 shares during the period. Jacobi Capital Management LLC’s holdings in Carrier Global were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CARR. Allspring Global Investments Holdings LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $6,598,000. CWM LLC acquired a new position in Carrier Global during the 4th quarter worth about $1,314,000. Qube Research & Technologies Ltd lifted its stake in Carrier Global by 97.3% during the 4th quarter. Qube Research & Technologies Ltd now owns 87,181 shares of the company’s stock worth $4,729,000 after acquiring an additional 42,994 shares in the last quarter. Centaurus Financial Inc. lifted its stake in Carrier Global by 14.2% during the 4th quarter. Centaurus Financial Inc. now owns 4,106 shares of the company’s stock worth $223,000 after acquiring an additional 512 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in Carrier Global by 14.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 19,977 shares of the company’s stock worth $1,084,000 after purchasing an additional 2,597 shares during the period. Institutional investors and hedge funds own 85.55% of the company’s stock.

Analyst Ratings Changes

CARR has been the topic of several recent research reports. Jefferies Financial Group cut their price target on Carrier Global from $55.00 to $47.00 in a report on Friday, July 15th. TheStreet cut Carrier Global from a “b-” rating to a “c” rating in a research report on Friday, April 29th. Mizuho decreased their price objective on Carrier Global from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Monday, July 18th. Barclays decreased their price objective on Carrier Global from $50.00 to $47.00 and set an “overweight” rating for the company in a research report on Friday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Carrier Global from $49.00 to $43.00 in a report on Monday, July 18th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Carrier Global presently has a consensus rating of “Hold” and an average price target of $48.73.

Carrier Global Trading Up 0.2 %

Shares of CARR opened at $41.88 on Friday. The stock’s 50-day moving average is $37.50 and its two-hundred day moving average is $41.47. The stock has a market cap of $35.25 billion, a PE ratio of 13.34, a P/E/G ratio of 2.00 and a beta of 1.34. Carrier Global Co. has a 12 month low of $34.12 and a 12 month high of $58.89. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.67 and a quick ratio of 1.25.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 10th. Shareholders of record on Thursday, June 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, June 22nd. Carrier Global’s dividend payout ratio is presently 19.11%.

About Carrier Global

(Get Rating)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.