Moody National Bank Trust Division Trims Holdings in Carrier Global Co. (NYSE:CARR)

Moody National Bank Trust Division lessened its stake in Carrier Global Co. (NYSE:CARR – Get Rating) by 16.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,769 shares of the company’s stock after selling 3,303 shares during the period. Moody National Bank Trust Division’s holdings in Carrier Global were worth $692,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. grew its position in shares of Carrier Global by 139.7% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 12,958 shares of the company’s stock worth $462,000 after acquiring an additional 7,553 shares in the last quarter. California Public Employees Retirement System increased its stake in Carrier Global by 20.2% during the third quarter. California Public Employees Retirement System now owns 1,910,832 shares of the company’s stock valued at $67,949,000 after purchasing an additional 321,273 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Carrier Global by 83.8% during the second quarter. Bank of Montreal Can now owns 1,127,975 shares of the company’s stock worth $41,250,000 after purchasing an additional 514,247 shares during the period. Deutsche Bank AG lifted its position in shares of Carrier Global by 29.3% in the 2nd quarter. Deutsche Bank AG now owns 2,089,360 shares of the company’s stock worth $74,508,000 after buying an additional 472,926 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Carrier Global by 21.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,084,474 shares of the company’s stock valued at $109,993,000 after buying an additional 543,258 shares during the period. 85.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Kyle Crockett sold 10,433 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $45.85, for a total transaction of $478,353.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Carrier Global news, VP Kyle Crockett sold 10,433 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were sold at an average price of $45.85, for a total transaction of $478,353.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Nadia Villeneuve sold 20,538 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $45.45, for a total transaction of $933,452.10. Following the completion of the transaction, the vice president now owns 48,900 shares of the company’s stock, valued at $2,222,505. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Carrier Global Stock Down 1.6 %

CARR opened at $43.75 on Friday. The stock’s fifty day moving average is $45.00 and its 200-day moving average is $41.91. Carrier Global Co. has a one year low of $33.10 and a one year high of $49.17. The company has a market capitalization of $36.53 billion, a PE ratio of 10.67, a P/E/G ratio of 1.75 and a beta of 1.33. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.20 and a current ratio of 1.64.

Carrier Global (NYSE:CARR – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $5.07 billion. Carrier Global had a net margin of 17.31% and a return on equity of 26.86%. Carrier Global’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. On average, equities analysts predict that Carrier Global Co. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CARR. Mizuho reissued a “buy” rating and issued a $53.00 target price on shares of Carrier Global in a report on Wednesday, February 8th. TheStreet upgraded Carrier Global from a “c+” rating to a “b” rating in a research note on Friday, November 25th. Barclays raised their target price on Carrier Global from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Carrier Global from $44.00 to $46.00 in a report on Monday, December 5th. Finally, Wells Fargo & Company increased their price objective on shares of Carrier Global from $43.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, January 19th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $48.86.

Carrier Global Company Profile

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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.