Carrier Global Co. (NYSE:CARR) Shares Sold by Bokf Na

Bokf Na trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR) by 53.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,006 shares of the company’s stock after selling 9,378 shares during the period. Bokf Na’s holdings in Carrier Global were worth $505,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Aveo Capital Partners LLC increased its holdings in Carrier Global by 3.9% in the 4th quarter. Aveo Capital Partners LLC now owns 5,395 shares of the company’s stock valued at $310,000 after purchasing an additional 205 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $241,000. Level Four Advisory Services LLC raised its holdings in shares of Carrier Global by 6.6% during the 4th quarter. Level Four Advisory Services LLC now owns 5,061 shares of the company’s stock valued at $291,000 after buying an additional 312 shares during the period. ING Groep NV acquired a new position in Carrier Global during the 4th quarter worth approximately $532,000. Finally, Norges Bank purchased a new position in Carrier Global in the 4th quarter worth approximately $444,487,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR stock opened at $77.11 on Tuesday. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $77.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. The firm has a market capitalization of $69.48 billion, a price-to-earnings ratio of 53.92, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32. The business has a 50 day simple moving average of $68.32 and a 200 day simple moving average of $63.43.

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 company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $0.79 earnings per share. On average, equities research analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Royal Bank of Canada upped their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the company an “outperform” rating in a research report on Thursday, September 5th. Bank of America raised their target price on Carrier Global from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Barclays raised their price objective on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average target price of $71.73.

Insiders Place Their Bets

In other news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the transaction, the vice president now directly owns 103,066 shares in the company, valued at $6,652,910.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.95% of the stock is owned by insiders.

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.