JFS Wealth Advisors LLC Has $171,000 Holdings in Carrier Global Co. (NYSE:CARR)

JFS Wealth Advisors LLC decreased its stake in shares of Carrier Global Co. (NYSE:CARR) by 19.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,130 shares of the company’s stock after selling 513 shares during the period. JFS Wealth Advisors LLC’s holdings in Carrier Global were worth $171,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CARR. Olistico Wealth LLC bought a new stake in Carrier Global in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. grew its stake in Carrier Global by 675.0% in the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after acquiring an additional 405 shares during the period. EdgeRock Capital LLC bought a new stake in shares of Carrier Global during the second quarter valued at approximately $32,000. Hantz Financial Services Inc. acquired a new position in shares of Carrier Global during the second quarter worth approximately $35,000. Finally, McClarren Financial Advisors Inc. lifted its holdings in shares of Carrier Global by 246.0% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock worth $35,000 after purchasing an additional 310 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Insiders Place Their Bets

In other news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at $6,652,910.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of several research reports. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $91.00 to $87.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Baird R W upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Robert W. Baird cut their price target on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Oppenheimer increased their price objective on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Seven research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.33.

Carrier Global Trading Down 1.2 %

Shares of Carrier Global stock opened at $72.72 on Friday. The firm has a market cap of $65.65 billion, a PE ratio of 50.85, a P/E/G ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a 1 year low of $47.12 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. The stock has a fifty day moving average price of $76.86 and a 200-day moving average price of $68.35.

Carrier Global declared that its board has authorized a stock repurchase program on Thursday, October 24th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be issued a dividend of $0.19 per share. The ex-dividend date is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a yield of 1.05%. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

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.