Independence Bank of Kentucky Acquires 1,000 Shares of Carrier Global Co. (NYSE:CARR)

Independence Bank of Kentucky raised its holdings in Carrier Global Co. (NYSE:CARRFree Report) by 552.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,181 shares of the company’s stock after purchasing an additional 1,000 shares during the period. Independence Bank of Kentucky’s holdings in Carrier Global were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after buying an additional 221 shares during the last quarter. OFI Invest Asset Management purchased a new position in shares of Carrier Global during the 3rd quarter valued at $28,000. VisionPoint Advisory Group LLC purchased a new position in shares of Carrier Global during the 3rd quarter valued at $30,000. Covestor Ltd lifted its position in shares of Carrier Global by 121.2% during the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 303 shares during the last quarter. Finally, Planned Solutions Inc. purchased a new position in shares of Carrier Global during the 4th quarter valued at $33,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CARR. Royal Bank of Canada dropped their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Barclays upped their price target on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday. Citigroup increased their price objective on Carrier Global from $52.00 to $56.00 and gave the stock a “neutral” rating in a report on Monday, December 11th. Finally, Wells Fargo & Company dropped their price objective on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $59.36.

Read Our Latest Analysis on CARR

Carrier Global Stock Performance

Shares of CARR opened at $56.94 on Thursday. The company has a market cap of $51.25 billion, a PE ratio of 36.04, a price-to-earnings-growth ratio of 2.41 and a beta of 1.39. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58. The stock has a 50-day moving average price of $56.30 and a 200-day moving average price of $54.60. Carrier Global Co. has a 12-month low of $40.28 and a 12-month high of $60.87.

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

Insider Activity

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

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.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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