Skandinaviska Enskilda Banken AB publ Trims Stock Position in Carrier Global Co. (NYSE:CARR)

Skandinaviska Enskilda Banken AB publ reduced its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 70.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,128 shares of the company's stock after selling 388,336 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Carrier Global were worth $11,335,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Versor Investments LP acquired a new stake in Carrier Global during the 3rd quarter worth $338,000. Harbour Investments Inc. raised its stake in Carrier Global by 8.5% during the 3rd quarter. Harbour Investments Inc. now owns 7,042 shares of the company's stock worth $567,000 after acquiring an additional 553 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in Carrier Global by 39.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 9,324 shares of the company's stock worth $750,000 after acquiring an additional 2,633 shares in the last quarter. Empower Advisory Group LLC acquired a new stake in Carrier Global during the 3rd quarter worth $224,000. Finally, Haverford Trust Co raised its stake in Carrier Global by 2.6% during the 3rd quarter. Haverford Trust Co now owns 8,247 shares of the company's stock worth $664,000 after acquiring an additional 211 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CARR has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective on the stock. JPMorgan Chase & Co. upgraded shares of Carrier Global from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Northcoast Research initiated coverage on shares of Carrier Global in a research note on Friday, November 22nd. They issued a "neutral" rating on the stock. Wells Fargo & Company dropped their price objective on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 12th. Finally, Citigroup dropped their price objective on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Five investment 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $82.53.

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Carrier Global Price Performance

CARR stock traded up $0.42 during trading on Wednesday, reaching $67.72. 4,407,554 shares of the company were exchanged, compared to its average volume of 5,799,880. The company has a market cap of $58.51 billion, a P/E ratio of 10.78, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The stock's 50 day moving average price is $66.38 and its 200 day moving average price is $72.04. 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 (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS 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 prior year, the company earned $0.53 EPS. As a group, analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global 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.