CapWealth Advisors LLC Purchases 471 Shares of Carrier Global Co. (NYSE:CARR)

CapWealth Advisors LLC grew its position in shares of Carrier Global Co. (NYSE:CARR) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,020 shares of the company’s stock after purchasing an additional 471 shares during the quarter. CapWealth Advisors LLC’s holdings in Carrier Global were worth $5,689,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Delta Financial Advisors LLC grew its holdings in Carrier Global by 5.5% during the 4th quarter. Delta Financial Advisors LLC now owns 32,397 shares of the company’s stock worth $1,861,000 after acquiring an additional 1,682 shares during the last quarter. Federated Hermes Inc. grew its stake in shares of Carrier Global by 16.4% in the fourth quarter. Federated Hermes Inc. now owns 4,537 shares of the company’s stock worth $261,000 after purchasing an additional 638 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Carrier Global by 62.1% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,965 shares of the company’s stock valued at $113,000 after purchasing an additional 753 shares during the period. Daiwa Securities Group Inc. raised its position in Carrier Global by 6.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 75,197 shares of the company’s stock worth $4,320,000 after purchasing an additional 4,512 shares during the last quarter. Finally, Scissortail Wealth Management LLC acquired a new position in Carrier Global during the 4th quarter worth about $452,000. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CARR. Wells Fargo & Company decreased their price target on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Citigroup raised their price target 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. Barclays increased their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer restated an “outperform” rating and issued a $63.00 target price on shares of Carrier Global in a report on Thursday. Finally, Royal Bank of Canada decreased their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Hold” and a consensus price target of $61.15.

Insiders Place Their Bets

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

Carrier Global Stock Down 0.2 %

Shares of CARR traded down $0.09 during trading hours on Thursday, reaching $54.16. The stock had a trading volume of 980,986 shares, compared to its average volume of 4,656,921. The company has a market capitalization of $48.75 billion, a price-to-earnings ratio of 34.34, a P/E/G ratio of 2.31 and a beta of 1.39. The firm has a 50-day simple moving average of $56.45 and a 200 day simple moving average of $54.76. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87.

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

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.