Czech National Bank Buys 11,350 Shares of Carrier Global Co. (NYSE:CARR)

Czech National Bank increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 171,027 shares of the company’s stock after buying an additional 11,350 shares during the quarter. Czech National Bank’s holdings in Carrier Global were worth $13,766,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in shares of Carrier Global by 5.5% in the 1st quarter. Nordea Investment Management AB now owns 822,954 shares of the company’s stock valued at $47,633,000 after purchasing an additional 43,002 shares during the period. Frank Rimerman Advisors LLC increased its position in shares of Carrier Global by 54,708.0% in the second quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock valued at $864,000 after acquiring an additional 13,677 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $973,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Carrier Global by 50.1% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 390,272 shares of the company’s stock valued at $22,687,000 after acquiring an additional 130,192 shares during the last quarter. Finally, GLOBALT Investments LLC GA acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $859,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 0.9 %

Shares of Carrier Global stock traded up $0.75 during trading on Friday, hitting $80.80. The company’s stock had a trading volume of 2,538,631 shares, compared to its average volume of 4,194,721. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.08 and a quick ratio of 0.80. Carrier Global Co. has a 52 week low of $45.68 and a 52 week high of $81.64. The stock has a market cap of $72.80 billion, a price-to-earnings ratio of 56.50, a price-to-earnings-growth ratio of 3.23 and a beta of 1.32. The stock has a 50-day moving average price of $72.10 and a two-hundred day moving average price of $65.53.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.05 billion. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Equities research analysts anticipate that Carrier Global Co. will post 2.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of research analyst reports. Barclays lifted their price target on Carrier Global from $81.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday. Oppenheimer boosted their price objective on Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday. Morgan Stanley began coverage on Carrier Global in a report on Friday, September 6th. They set an “equal weight” rating and a $75.00 price objective for the company. Robert W. Baird reduced their price objective on Carrier Global from $75.00 to $74.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Finally, Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $73.82.

Insider Transactions at Carrier Global

In other 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 transaction, the vice president now owns 103,066 shares of the company’s stock, valued at $6,652,910.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 6.95% of the company’s stock.

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.