Carrier Global Co. (NYSE:CARR) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC lowered its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 245,598 shares of the company's stock after selling 34,548 shares during the period. Natixis Advisors LLC's holdings in Carrier Global were worth $16,765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CARR. State Street Corp lifted its stake in Carrier Global by 1.4% in the 3rd quarter. State Street Corp now owns 33,665,505 shares of the company's stock valued at $2,709,736,000 after buying an additional 469,108 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Carrier Global by 1.7% in the third quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company's stock valued at $1,357,961,000 after acquiring an additional 289,439 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Carrier Global by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock valued at $977,028,000 after acquiring an additional 46,222 shares during the last quarter. FMR LLC increased its position in Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company's stock worth $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 raised its stake in Carrier Global by 1.9% in the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

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Wall Street Analysts Forecast Growth

CARR has been the subject of a number of analyst reports. Citigroup cut 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. Wells Fargo & Company lowered 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 note on Wednesday, February 12th. Royal Bank of Canada reduced their price target on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Monday, February 24th. Finally, Northcoast Research started coverage on Carrier Global in a research note on Friday, November 22nd. They issued a "neutral" rating for the company. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $82.53.

Carrier Global Stock Down 0.4 %

Shares of NYSE CARR traded down $0.28 during trading on Friday, reaching $66.15. 11,027,218 shares of the stock were exchanged, compared to its average volume of 4,265,199. The company has a market capitalization of $57.15 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The business's 50-day moving average price is $66.32 and its 200 day moving average price is $71.92. The company has a quick ratio of 0.96, a current ratio of 1.25 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 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 return on equity of 18.82% and a net margin of 23.83%. During the same quarter last year, the business earned $0.53 EPS. As a group, equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal 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.