Intech Investment Management LLC Sells 10,688 Shares of Carrier Global Co. (NYSE:CARR)

Intech Investment Management LLC cut its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 51.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,923 shares of the company's stock after selling 10,688 shares during the period. Intech Investment Management LLC's holdings in Carrier Global were worth $677,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CARR. RFG Advisory LLC increased its stake in Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after acquiring an additional 1,904 shares during the period. Princeton Global Asset Management LLC raised its position in Carrier Global by 1,156.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock valued at $1,410,000 after purchasing an additional 19,018 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Carrier Global by 12.3% during the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company's stock worth $8,084,000 after purchasing an additional 11,032 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Carrier Global by 39.0% in the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company's stock valued at $11,013,000 after purchasing an additional 38,365 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in shares of Carrier Global in the 4th quarter valued at $2,213,000. Institutional investors own 91.00% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently weighed in on CARR. Barclays reduced their price objective on Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note 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 target on the stock in a research note on Monday, February 24th. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Citigroup cut their target price on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Mizuho upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target for the company in a report on Friday, February 14th. Five 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. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $82.53.

Carrier Global Trading Down 0.2 %

Shares of NYSE CARR traded down $0.16 during trading on Tuesday, reaching $67.80. The company had a trading volume of 1,114,060 shares, compared to its average volume of 4,259,596. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock has a market cap of $58.58 billion, a P/E ratio of 10.80, a PEG ratio of 2.01 and a beta of 1.35. The company's fifty day moving average price is $66.33 and its 200-day moving average price is $71.95.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the firm earned $0.53 EPS. As a group, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

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.