Scissortail Wealth Management LLC Takes Position in Carrier Global Co. (NYSE:CARR)

Scissortail Wealth Management LLC acquired a new stake in shares of Carrier Global Co. (NYSE:CARR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,019 shares of the company’s stock, valued at approximately $452,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Covestor Ltd raised its position in Carrier Global by 121.2% in the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 303 shares during the period. OFI Invest Asset Management purchased a new position in Carrier Global in the 3rd quarter worth $28,000. Larson Financial Group LLC raised its position in Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares during the period. VisionPoint Advisory Group LLC purchased a new position in Carrier Global in the 3rd quarter worth $30,000. Finally, GHP Investment Advisors Inc. raised its position in Carrier Global by 205.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock worth $31,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Insiders Place Their Bets

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’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 completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO David L. Gitlin sold 354,539 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction 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 approximately $3,553,282.91. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR traded down $0.70 during mid-day trading on Wednesday, hitting $54.76. 3,170,064 shares of the company traded hands, compared to its average volume of 3,839,843. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73. The stock has a 50-day moving average price of $56.44 and a two-hundred day moving average price of $54.76. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $60.87. The stock has a market cap of $49.29 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 2.34 and a beta of 1.39.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Citigroup boosted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada decreased their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Finally, Barclays boosted their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.77.

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.