Carrier Global Co. (NYSE:CARR) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,666,933 shares of the company's stock after selling 68,094 shares during the period. Alliancebernstein L.P. owned about 0.30% of Carrier Global worth $182,045,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its position in Carrier Global by 236.1% in the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after purchasing an additional 340 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Carrier Global by 303.1% in the fourth quarter. Wellington Management Group LLP now owns 181,661 shares of the company's stock valued at $12,400,000 after buying an additional 136,597 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Carrier Global by 19.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 72,270 shares of the company's stock worth $4,933,000 after buying an additional 11,565 shares during the period. Allianz SE acquired a new position in Carrier Global in the 4th quarter valued at about $2,777,000. Finally, Allstate Corp purchased a new stake in Carrier Global during the 4th quarter valued at approximately $1,621,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CARR shares. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price on the stock in a report on Friday, February 14th. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Royal Bank of Canada lowered their target price on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Barclays cut their price target on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, The Goldman Sachs Group started coverage on Carrier Global in a research report on Thursday, December 12th. They set a "buy" rating and a $96.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.27.

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Carrier Global Price Performance

Shares of CARR stock traded down $3.66 during trading hours on Friday, hitting $57.06. The company's stock had a trading volume of 6,933,810 shares, compared to its average volume of 4,442,539. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The business has a fifty day moving average of $65.27 and a 200-day moving average of $71.31. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a market cap of $49.30 billion, a price-to-earnings ratio of 9.09, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the previous year, the firm posted $0.53 EPS. As a group, equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

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.