Evoke Wealth LLC Sells 5,212 Shares of Carrier Global Co. (NYSE:CARR)

Evoke Wealth LLC reduced its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 90,089 shares of the company's stock after selling 5,212 shares during the period. Evoke Wealth LLC's holdings in Carrier Global were worth $6,170,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,665,505 shares of the company's stock worth $2,709,736,000 after purchasing an additional 469,108 shares during the period. Geode Capital Management LLC raised its holdings 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 worth $1,357,961,000 after acquiring an additional 289,439 shares during the period. Fisher Asset Management LLC grew its position in Carrier Global by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock valued at $977,028,000 after purchasing an additional 46,222 shares in the last quarter. FMR LLC grew its position in Carrier Global by 36.2% in the third quarter. FMR LLC now owns 8,729,073 shares of the company's stock valued at $702,603,000 after purchasing an additional 2,320,909 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Carrier Global by 1.9% in 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 purchasing an additional 110,988 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Carrier Global Price Performance

NYSE:CARR traded down $0.28 on Friday, hitting $66.15. The company had a trading volume of 11,027,218 shares, compared to its average volume of 4,265,199. The stock has a market capitalization of $57.15 billion, a price-to-earnings ratio of 10.53, a PEG 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. The firm has a 50 day moving average of $66.32 and a two-hundred day moving average of $71.92. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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 firm earned $0.53 earnings per share. On average, research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CARR shares. Northcoast Research started coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a "neutral" rating for the company. Citigroup decreased their price objective on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. The Goldman Sachs Group started coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective for the company. Finally, Wolfe Research raised 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. Five equities research 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.