iA Global Asset Management Inc. Reduces Stock Position in Carrier Global Co. (NYSE:CARR)

iA Global Asset Management Inc. lessened its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 485,998 shares of the company's stock after selling 48,000 shares during the quarter. iA Global Asset Management Inc. owned about 0.05% of Carrier Global worth $33,174,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. raised its holdings 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 valued at $25,000 after buying an additional 160 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Carrier Global in the 3rd quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global during the 4th quarter valued at approximately $31,000. Roxbury Financial LLC acquired a new stake in Carrier Global during the 4th quarter worth approximately $49,000. Finally, Centricity Wealth Management LLC purchased a new position in shares of Carrier Global in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CARR shares. The Goldman Sachs Group assumed coverage on Carrier Global in a research note on Thursday, December 12th. They set a "buy" rating and a $96.00 price target for the company. Barclays reduced their target price on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their price target on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Citigroup reduced 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. Finally, Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price on the stock in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $82.53.

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Carrier Global Price Performance

Shares of NYSE:CARR traded up $1.83 during midday trading on Monday, hitting $68.00. 4,104,156 shares of the stock were exchanged, compared to its average volume of 4,262,028. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. 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 company has a 50 day moving average price of $66.33 and a 200-day moving average price of $71.95. The stock has a market cap of $58.75 billion, a P/E ratio of 10.83, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (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 previous year, the company earned $0.53 earnings per share. On average, research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

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.