TIAA Trust National Association Buys 901 Shares of Carrier Global Co. (NYSE:CARR)

TIAA Trust National Association increased its stake in Carrier Global Co. (NYSE:CARR) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,148 shares of the company’s stock after purchasing an additional 901 shares during the period. TIAA Trust National Association’s holdings in Carrier Global were worth $2,077,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Larson Financial Group LLC grew its position in Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after acquiring an additional 221 shares during the last quarter. OFI Invest Asset Management bought a new position in Carrier Global during the third quarter valued at approximately $28,000. VisionPoint Advisory Group LLC bought a new position in Carrier Global during the third quarter valued at approximately $30,000. Covestor Ltd grew its position in Carrier Global by 121.2% during the first quarter. Covestor Ltd now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 303 shares during the last quarter. Finally, Planned Solutions Inc. bought a new position in Carrier Global during the fourth quarter valued at approximately $33,000. 91.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was 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 of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was 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 of the company’s stock, valued at $22,899,281.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly 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. Insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR stock opened at $56.94 on Thursday. The stock has a fifty day moving average of $56.30 and a 200 day moving average of $54.60. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.87. The firm has a market capitalization of $51.25 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 2.41 and a beta of 1.39. The company has a quick ratio of 2.40, a current ratio of 2.73 and a debt-to-equity ratio of 1.58.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on CARR. Wells Fargo & Company reduced their price target 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. Royal Bank of Canada cut their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Citigroup raised their target price on shares of Carrier Global from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, December 11th. Finally, Barclays raised their target price on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $59.36.

Carrier Global 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.