Stock Yards Bank & Trust Co. Has $571,000 Stake in Carrier Global Co. (NYSE:CARR)

Stock Yards Bank & Trust Co. decreased its position in Carrier Global Co. (NYSE:CARR) by 12.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 9,942 shares of the company’s stock after selling 1,366 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Carrier Global were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Modera Wealth Management LLC boosted its stake in shares of Carrier Global by 19.4% in the third quarter. Modera Wealth Management LLC now owns 21,099 shares of the company’s stock valued at $1,165,000 after buying an additional 3,430 shares during the period. Pinnacle Financial Partners Inc lifted its stake in Carrier Global by 9.0% during the fourth quarter. Pinnacle Financial Partners Inc now owns 5,781 shares of the company’s stock worth $332,000 after purchasing an additional 476 shares during the last quarter. Andrew Hill Investment Advisors Inc. bought a new stake in Carrier Global during the fourth quarter worth $2,081,000. abrdn plc lifted its stake in Carrier Global by 40.6% during the fourth quarter. abrdn plc now owns 751,661 shares of the company’s stock worth $43,183,000 after purchasing an additional 217,144 shares during the last quarter. Finally, AIA Group Ltd lifted its stake in Carrier Global by 16.5% during the fourth quarter. AIA Group Ltd now owns 98,959 shares of the company’s stock worth $5,685,000 after purchasing an additional 14,003 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Insider Activity at Carrier Global

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The shares were 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 owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. 6.95% of the stock is owned by insiders.

Carrier Global Price Performance

Shares of NYSE CARR opened at $55.17 on Wednesday. Carrier Global Co. has a fifty-two week low of $40.28 and a fifty-two week high of $60.87. The stock has a market cap of $49.66 billion, a price-to-earnings ratio of 34.92, a PEG ratio of 2.26 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73. The firm’s 50-day simple moving average is $56.34 and its 200 day simple moving average is $54.76.

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

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.38%. Carrier Global’s payout ratio is 48.10%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CARR shares. Citigroup upped their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Wells Fargo & Company cut their target price on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Royal Bank of Canada decreased their price target on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Barclays increased their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer reissued an “outperform” rating and set a $63.00 price objective on shares of Carrier Global in a research report on Thursday, April 18th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $61.15.

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.