Scissortail Wealth Management LLC Makes New $452,000 Investment in Carrier Global Co. (NYSE:CARR)

Scissortail Wealth Management LLC acquired a new position in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,019 shares of the company’s stock, valued at approximately $452,000.

Other large investors also recently added to or reduced their stakes in the company. Modera Wealth Management LLC raised its position in Carrier Global by 19.4% during the third quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock worth $1,165,000 after acquiring an additional 3,430 shares during the period. Pinnacle Financial Partners Inc grew its holdings in shares of Carrier Global by 9.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after buying an additional 476 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Carrier Global by 13.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 489,403 shares of the company’s stock worth $28,209,000 after buying an additional 59,308 shares in the last quarter. Procyon Advisors LLC grew its holdings in shares of Carrier Global by 8.5% during the fourth quarter. Procyon Advisors LLC now owns 6,300 shares of the company’s stock worth $362,000 after buying an additional 492 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Carrier Global by 1,020.9% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 30,252 shares of the company’s stock worth $1,738,000 after buying an additional 27,553 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CARR shares. Citigroup upped their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada dropped their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Wells Fargo & Company dropped their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Finally, Barclays upped their target price on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.77.

Insider Transactions at Carrier Global

In other news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the sale, the vice president now owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Trading Down 1.3 %

CARR stock traded down $0.70 during mid-day trading on Wednesday, hitting $54.76. 3,170,064 shares of the company were exchanged, compared to its average volume of 3,839,843. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $49.29 billion, a P/E ratio of 34.66, a PEG ratio of 2.34 and a beta of 1.39. The business has a fifty day simple moving average of $56.44 and a 200-day simple moving average of $54.76. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $60.87.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. Carrier Global’s revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. On average, equities research analysts predict that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Carrier Global 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.