Bokf Na Grows Stock Position in Carrier Global Co. (NYSE:CARR)

Bokf Na grew its position in shares of Carrier Global Co. (NYSE:CARR) by 4.8% during the first quarter, HoldingsChannel reports. The firm owned 17,384 shares of the company’s stock after buying an additional 804 shares during the period. Bokf Na’s holdings in Carrier Global were worth $998,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. McClarren Financial Advisors Inc. lifted its position in shares of Carrier Global by 86.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Carrier Global during the fourth quarter worth $25,000. EdgeRock Capital LLC acquired a new position in shares of Carrier Global during the fourth quarter worth $27,000. Criterion Capital Advisors LLC acquired a new position in shares of Carrier Global during the fourth quarter worth $32,000. Finally, United Community Bank acquired a new position in shares of Carrier Global during the fourth quarter worth $34,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CARR. Oppenheimer reduced their target price on shares of Carrier Global from $71.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday. Bank of America raised shares of Carrier Global from an “underperform” rating to a “neutral” rating and upped their price target for the company from $55.00 to $72.00 in a report on Monday. Wells Fargo & Company upped their price target on shares of Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Barclays upped their price target on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Finally, Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and upped their price target for the company from $65.00 to $74.00 in a report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $66.86.

Carrier Global Stock Performance

CARR stock traded down $0.06 during trading on Monday, hitting $66.71. 622,030 shares of the company’s stock traded hands, compared to its average volume of 4,444,460. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $70.09. The stock has a fifty day moving average price of $64.53 and a two-hundred day moving average price of $59.94. The stock has a market capitalization of $60.11 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 2.60 and a beta of 1.32.

Carrier Global (NYSE:CARR) last released its earnings results 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. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The firm had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 8th. Stockholders of record on Friday, June 21st will be given a dividend of $0.19 per share. The ex-dividend date is Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 1.14%. Carrier Global’s dividend payout ratio is currently 53.15%.

Insider Transactions at Carrier Global

In other news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the transaction, the chief accounting officer now owns 2,042 shares in the company, valued at $135,568.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the transaction, the chief accounting officer now owns 2,042 shares in the company, valued at $135,568.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $65.40, for a total transaction of $6,437,191.20. Following the completion of the transaction, the vice president now owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The disclosure for this sale can be found here. 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.