Alpine Woods Capital Investors LLC Sells 21,365 Shares of Carrier Global Co. (NYSE:CARR)

Alpine Woods Capital Investors LLC lowered its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 118,674 shares of the company's stock after selling 21,365 shares during the quarter. Carrier Global comprises about 1.5% of Alpine Woods Capital Investors LLC's investment portfolio, making the stock its 12th largest position. Alpine Woods Capital Investors LLC's holdings in Carrier Global were worth $8,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp lifted its stake in shares of Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,665,505 shares of the company's stock valued at $2,709,736,000 after acquiring an additional 469,108 shares during the period. Geode Capital Management LLC lifted its stake in shares of Carrier Global by 1.7% during the third quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company's stock valued at $1,357,961,000 after acquiring an additional 289,439 shares during the period. Fisher Asset Management LLC lifted its stake in shares of 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 acquiring an additional 46,222 shares during the period. FMR LLC lifted its stake in shares of Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company's stock valued at $702,603,000 after acquiring an additional 2,320,909 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Carrier Global by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,993,169 shares of the company's stock valued at $482,390,000 after acquiring an additional 110,988 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Remove Ads

Carrier Global Stock Performance

Shares of NYSE CARR traded down $0.39 during trading hours on Tuesday, reaching $67.25. 3,097,146 shares of the stock were exchanged, compared to its average volume of 4,243,446. The firm has a market capitalization of $58.10 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The stock's fifty day simple moving average is $66.39 and its 200 day simple moving average is $72.07.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping 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 last year, the company earned $0.53 EPS. Sell-side analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CARR shares. JPMorgan Chase & Co. upgraded Carrier Global from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Barclays lowered their price target on Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a report on Friday, February 14th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Finally, Northcoast Research began coverage on Carrier Global in a report on Friday, November 22nd. They set a "neutral" rating for the company. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $82.53.

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.