UMB Bank n.a. Has $1.06 Million Stock Position in Carrier Global Co. (NYSE:CARR)

UMB Bank n.a. raised its position in shares of Carrier Global Co. (NYSE:CARR) by 1.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,150 shares of the company’s stock after purchasing an additional 206 shares during the period. UMB Bank n.a.’s holdings in Carrier Global were worth $1,058,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CARR. GLOBALT Investments LLC GA acquired a new position in Carrier Global during the fourth quarter valued at approximately $859,000. V Square Quantitative Management LLC increased its holdings in shares of Carrier Global by 41.5% during the fourth quarter. V Square Quantitative Management LLC now owns 12,511 shares of the company’s stock worth $719,000 after buying an additional 3,670 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Carrier Global during the fourth quarter worth $209,000. Syon Capital LLC increased its holdings in shares of Carrier Global by 24.2% during the fourth quarter. Syon Capital LLC now owns 6,628 shares of the company’s stock worth $381,000 after buying an additional 1,290 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its holdings in shares of Carrier Global by 4.1% during the fourth quarter. EP Wealth Advisors LLC now owns 10,422 shares of the company’s stock worth $599,000 after buying an additional 407 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction dated 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. This represents 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 this link. Company insiders own 6.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CARR shares. Wells Fargo & Company upped their price target on shares of Carrier Global from $73.00 to $82.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Citigroup upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Royal Bank of Canada boosted their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a research note on Thursday, September 5th. Barclays boosted their price objective on shares of Carrier Global from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of Carrier Global in a research note on Thursday. They issued a “neutral” rating and a $83.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.36.

Carrier Global Stock Performance

Shares of CARR opened at $81.61 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $73.67 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32. The firm’s fifty day simple moving average is $73.54 and its two-hundred day simple moving average is $66.32. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $82.16.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 earnings per share. As a group, analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be given a dividend of $0.19 per share. The ex-dividend date is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.93%. Carrier Global’s dividend payout ratio (DPR) is currently 20.27%.

About Carrier Global

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.