Bokf Na Acquires 492 Shares of Carrier Global Co. (NYSE:CARR)

by · The Cerbat Gem

Bokf Na grew its holdings in Carrier Global Co. (NYSE:CARR – Free Report) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,098 shares of the company’s stock after acquiring an additional 492 shares during the quarter. Bokf Na’s holdings in Carrier Global were worth $539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CARR. Geode Capital Management LLC grew its holdings in shares of Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock worth $1,181,300,000 after purchasing an additional 420,081 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Carrier Global by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock worth $977,028,000 after buying an additional 46,222 shares in the last quarter. Northern Trust Corp increased its holdings in Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock valued at $603,922,000 after buying an additional 1,266,137 shares during the period. Norges Bank bought a new stake in Carrier Global in the 4th quarter valued at $588,029,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of Carrier Global by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock valued at $415,078,000 after buying an additional 126,174 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $71.44 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm has a 50 day simple moving average of $63.72 and a 200 day simple moving average of $68.02. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The firm has a market cap of $61.25 billion, a P/E ratio of 11.38, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR – Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same period last year, the firm earned $0.51 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Sell-side analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.26%. Carrier Global’s payout ratio is presently 13.93%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CARR shares. Northcoast Research upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Friday. Wells Fargo & Company upped their price objective on Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Barclays raised their target price on Carrier Global from $83.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Finally, Citigroup cut their price objective on Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.53.

Read Our Latest Research Report on CARR

Carrier Global Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrier Global Co. (NYSE:CARR – Free Report).