3,629 Shares in Carrier Global Co. (NYSE:CARR) Bought by Jump Financial LLC

Jump Financial LLC bought a new position in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,629 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in Carrier Global in the third quarter valued at $201,000. Anchor Investment Management LLC lifted its position in Carrier Global by 6.6% in the third quarter. Anchor Investment Management LLC now owns 5,745 shares of the company’s stock valued at $462,000 after acquiring an additional 355 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its position in Carrier Global by 280.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 34,717 shares of the company’s stock valued at $2,794,000 after acquiring an additional 25,594 shares during the last quarter. Peapack Gladstone Financial Corp lifted its position in Carrier Global by 1.4% in the third quarter. Peapack Gladstone Financial Corp now owns 176,984 shares of the company’s stock valued at $14,246,000 after acquiring an additional 2,397 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Carrier Global by 1.2% in the third quarter. Franklin Resources Inc. now owns 224,323 shares of the company’s stock valued at $18,545,000 after acquiring an additional 2,596 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CARR. JPMorgan Chase & Co. reduced their target price on shares of Carrier Global from $78.00 to $64.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Barclays reduced their target price on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, February 24th. Royal Bank of Canada reduced their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Citigroup reduced their target price on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $79.73.

Carrier Global Stock Down 0.4 %

CARR stock opened at $60.05 on Monday. The company’s 50 day simple moving average is $63.21 and its 200-day simple moving average is $68.79. The firm has a market capitalization of $51.88 billion, a PE ratio of 9.56, 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. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the firm earned $0.53 EPS. Equities analysts expect that Carrier Global Co. will post 2.99 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 Thursday, May 22nd. Investors of record on Friday, May 2nd will be paid a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 annualized dividend and a yield of 1.50%. Carrier Global’s payout ratio is currently 14.33%.

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.