Jade Capital Advisors LLC Has $805,000 Stock Holdings in Carrier Global Co. (NYSE:CARR)

Jade Capital Advisors LLC lowered its stake in Carrier Global Co. (NYSE:CARR) by 90.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 10,000 shares of the company’s stock after selling 90,000 shares during the period. Jade Capital Advisors LLC’s holdings in Carrier Global were worth $805,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. RFG Advisory LLC lifted its holdings in Carrier Global by 14.9% during the 1st quarter. RFG Advisory LLC now owns 5,779 shares of the company’s stock worth $336,000 after purchasing an additional 749 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Carrier Global by 6.8% during the first quarter. International Assets Investment Management LLC now owns 10,309 shares of the company’s stock worth $592,000 after buying an additional 659 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Carrier Global by 35.7% in the first quarter. Ballentine Partners LLC now owns 13,524 shares of the company’s stock valued at $786,000 after acquiring an additional 3,556 shares during the period. Riverview Trust Co acquired a new position in shares of Carrier Global in the first quarter valued at about $68,000. Finally, Kingswood Wealth Advisors LLC increased its position in Carrier Global by 8.9% during the first quarter. Kingswood Wealth Advisors LLC now owns 5,214 shares of the company’s stock worth $303,000 after acquiring an additional 426 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $81.38 on Tuesday. The company’s 50 day moving average price is $75.66 and its two-hundred day moving average price is $67.48. The firm has a market capitalization of $73.32 billion, a P/E ratio of 56.91, a P/E/G ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week 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.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. Carrier Global’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. On average, equities analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 annualized dividend and a yield of 0.93%. Carrier Global’s dividend payout ratio is presently 53.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and increased their target price for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Bank of America raised their price objective on Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. Wolfe Research upgraded Carrier Global from an “underperform” rating to a “peer perform” rating in a research report on Friday, September 6th. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 15th. Finally, Barclays upped their price objective on shares of Carrier Global from $81.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $80.67.

Insiders Place Their Bets

In other news, VP Ajay Agrawal sold 62,382 shares of Carrier Global stock in a transaction 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 transaction, the vice president now owns 103,066 shares in the company, valued at approximately $6,652,910.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.95% of the company’s stock.

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.