Carrier Global Co. (NYSE:CARR) Shares Purchased by Sabal Trust CO

Sabal Trust CO raised its position in Carrier Global Co. (NYSE:CARR) by 36.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,927 shares of the company’s stock after purchasing an additional 7,158 shares during the quarter. Sabal Trust CO’s holdings in Carrier Global were worth $1,699,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CARR. Olistico Wealth LLC acquired a new stake in shares of Carrier Global during the 2nd quarter worth about $25,000. DiNuzzo Private Wealth Inc. purchased a new position in Carrier Global during the fourth quarter worth about $25,000. EdgeRock Capital LLC purchased a new position in Carrier Global during the fourth quarter worth about $27,000. Hantz Financial Services Inc. acquired a new stake in shares of Carrier Global during the second quarter valued at about $35,000. Finally, Family Firm Inc. purchased a new stake in shares of Carrier Global in the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $72.00 target price on shares of Carrier Global in a report on Friday, July 26th. Oppenheimer lifted their price objective on Carrier Global from $70.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 15th. Barclays raised their target price on Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a report on Friday, June 14th. Finally, Bank of America upgraded shares of Carrier Global from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $55.00 to $72.00 in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Hold” and an average price target of $67.08.

Carrier Global Stock Up 2.4 %

CARR stock opened at $72.78 on Friday. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $73.04. The company’s 50 day moving average price is $66.33 and its 200 day moving average price is $62.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08. The firm has a market capitalization of $65.70 billion, a price-to-earnings ratio of 50.90, a PEG ratio of 2.90 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 the consensus estimate of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS. On average, equities research analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Friday, June 21st were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Friday, June 21st. Carrier Global’s dividend payout ratio (DPR) is 53.15%.

Insider Transactions at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction 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 transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 6.95% of the company’s stock.

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.