Carrier Global Co. (NYSE:CARR) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lowered its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,757 shares of the company's stock after selling 11,425 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Carrier Global were worth $7,513,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. UMB Bank n.a. grew its position in shares of Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock valued at $907,000 after purchasing an additional 143 shares during the period. Chicago Partners Investment Group LLC increased its stake in shares of Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after acquiring an additional 147 shares during the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of Carrier Global by 1.2% during the 3rd quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company's stock worth $991,000 after acquiring an additional 150 shares during the period. Hanson & Doremus Investment Management lifted its holdings in shares of Carrier Global by 6.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock worth $176,000 after acquiring an additional 150 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of CARR stock traded down $3.66 on Friday, hitting $57.06. 6,933,810 shares of the stock traded hands, compared to its average volume of 4,442,539. The company's fifty day moving average is $65.27 and its 200 day moving average is $71.26. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The company has a market capitalization of $49.30 billion, a PE ratio of 9.09, a PEG ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR - Get Free Report) last issued 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the previous year, the business earned $0.53 EPS. On average, equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their price target on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They issued a "buy" rating and a $96.00 target price on the stock. Barclays dropped their price target on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of Carrier Global from a "neutral" rating to an "overweight" rating and raised their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $82.27.

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.