Home Federal Bank of Tennessee Buys 575 Shares of Carrier Global Co. (NYSE:CARR)

Home Federal Bank of Tennessee lifted its holdings in Carrier Global Co. (NYSE:CARR) by 3.4% during the third quarter, HoldingsChannel reports. The firm owned 17,452 shares of the company’s stock after purchasing an additional 575 shares during the period. Home Federal Bank of Tennessee’s holdings in Carrier Global were worth $1,405,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CARR. Olistico Wealth LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. boosted its position in Carrier Global by 675.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock valued at $29,000 after buying an additional 405 shares during the last quarter. EdgeRock Capital LLC bought a new stake in shares of Carrier Global during the second quarter worth $32,000. Register Financial Advisors LLC acquired a new stake in Carrier Global in the first quarter worth about $34,000. Finally, Hantz Financial Services Inc. bought a new stake in Carrier Global during the 2nd quarter worth about $35,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the transaction, the vice president now owns 103,066 shares in the company, valued at approximately $6,652,910.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.95% of the stock is owned by insiders.

Carrier Global Stock Performance

CARR traded down $1.31 during trading on Tuesday, hitting $80.07. The stock had a trading volume of 339,206 shares, compared to its average volume of 4,103,000. 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 cap of $72.14 billion, a price-to-earnings ratio of 56.91, a P/E/G ratio of 2.94 and a beta of 1.32. The company has a 50 day moving average price of $75.66 and a 200-day moving average price of $67.48. Carrier Global Co. has a one year low of $45.68 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same period in the prior year, the company posted $0.79 earnings per share. Carrier Global’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, October 25th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 dividend on an annualized basis and a yield of 0.95%. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CARR shares. Bank of America increased their target price on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday. JPMorgan Chase & Co. started coverage on shares of Carrier Global in a report on Thursday, October 10th. They issued a “neutral” rating and a $83.00 price objective on the stock. Mizuho raised their target price on shares of Carrier Global from $65.00 to $78.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Wolfe Research upgraded shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada upped their target price on Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.67.

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.