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

Home Federal Bank of Tennessee grew its holdings in Carrier Global Co. (NYSE:CARR) by 3.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,452 shares of the company’s stock after acquiring an additional 575 shares during the quarter. Home Federal Bank of Tennessee’s holdings in Carrier Global were worth $1,405,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Olistico Wealth LLC bought a new stake in shares of Carrier Global during the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. boosted its position in Carrier Global by 246.0% in the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after buying an additional 310 shares in the last quarter. Meeder Asset Management Inc. grew its position in Carrier Global by 675.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 465 shares of the company’s stock worth $29,000 after acquiring an additional 405 shares during the last quarter. Country Trust Bank acquired a new position in shares of Carrier Global in the third quarter valued at approximately $40,000. Finally, EdgeRock Capital LLC bought a new position in shares of Carrier Global during the second quarter valued at $32,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Down 1.6 %

NYSE:CARR traded down $1.31 during trading hours on Tuesday, reaching $80.07. 339,206 shares of the stock were exchanged, compared to its average volume of 4,103,000. The business has a 50-day moving average of $75.66 and a two-hundred day moving average of $67.48. Carrier Global Co. has a twelve month low of $45.68 and a twelve month high of $83.32. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $72.14 billion, a price-to-earnings ratio of 56.91, a PEG ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.05 billion. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. On average, equities analysts predict that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Robert W. Baird dropped their price target on Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Baird R W raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Wolfe Research raised shares of Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Bank of America lifted their price target on shares of Carrier Global from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, JPMorgan Chase & Co. initiated coverage on Carrier Global in a research note on Thursday, October 10th. They set a “neutral” rating and a $83.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

Insiders Place Their Bets

In related news, VP Ajay Agrawal sold 62,382 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the transaction, the vice president now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.95% of the stock is owned by company insiders.

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.