Swiss National Bank decreased its position in Carrier Global Co. (NYSE:CARR - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,295,185 shares of the company's stock after selling 111,800 shares during the quarter. Swiss National Bank owned 0.26% of Carrier Global worth $156,669,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the company. Meridian Wealth Management LLC lifted its holdings in Carrier Global by 2.3% in the third quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company's stock worth $485,000 after acquiring an additional 137 shares during the last quarter. UMB Bank n.a. raised its position in shares of Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock worth $907,000 after purchasing an additional 143 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock worth $403,000 after purchasing an additional 147 shares during the last quarter. Great Valley Advisor Group Inc. boosted its position in Carrier Global by 1.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company's stock valued at $759,000 after purchasing an additional 150 shares during the period. Finally, Ingalls & Snyder LLC grew its stake in 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 buying an additional 150 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.
Carrier Global Stock Performance
NYSE:CARR opened at $64.14 on Friday. The company has a 50-day moving average of $66.47 and a 200-day moving average of $72.12. The firm has a market cap of $55.41 billion, a price-to-earnings ratio of 10.21, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. 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 twelve month low of $53.33 and a twelve month high of $83.32.
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 earnings per share. Analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on CARR shares. Royal Bank of Canada reduced their price target on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research report on Monday, February 24th. Wells Fargo & Company decreased their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target on the stock in a report on Friday, February 14th. Finally, Citigroup decreased their price objective on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $82.53.
Check Out Our Latest Analysis on CARR
About Carrier Global
(
Free Report)
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.
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