12,876 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Texas Bank & Trust Co

Texas Bank & Trust Co acquired a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,876 shares of the company's stock, valued at approximately $879,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Carrier Global by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock valued at $1,181,300,000 after buying an additional 420,081 shares in the last quarter. Fisher Asset Management LLC raised its stake in Carrier Global by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock valued at $977,028,000 after buying an additional 46,222 shares in the last quarter. Northern Trust Corp raised its position in shares of Carrier Global by 16.7% during the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock worth $603,922,000 after purchasing an additional 1,266,137 shares during the period. Norges Bank acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $588,029,000. Finally, Pictet Asset Management Holding SA raised its position in shares of Carrier Global by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock worth $415,078,000 after purchasing an additional 126,174 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CARR shares. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. increased their price target on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Barclays increased their price target on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Wells Fargo & Company raised their target price on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Robert W. Baird lifted their target price on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $83.00.

Carrier Global Trading Down 3.8%

Shares of Carrier Global stock traded down $2.88 on Wednesday, reaching $72.07. 5,182,004 shares of the company were exchanged, compared to its average volume of 4,627,961. The stock has a fifty day moving average price of $64.95 and a 200-day moving average price of $67.98. The firm has a market capitalization of $61.79 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. Carrier Global's quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 earnings per share. On average, analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's payout ratio is 13.93%.

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.