Northwest & Ethical Investments L.P. Sells 27,430 Shares of Carrier Global Co. (NYSE:CARR)

Northwest & Ethical Investments L.P. decreased its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 7.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,877 shares of the company's stock after selling 27,430 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Carrier Global were worth $22,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. BOK Financial Private Wealth Inc. boosted its position 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 acquiring an additional 160 shares during the period. FSA Wealth Management LLC purchased a new stake in Carrier Global in the 3rd quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the 4th quarter worth approximately $31,000. Roxbury Financial LLC purchased a new position in shares of Carrier Global during the 4th quarter valued at $49,000. Finally, Centricity Wealth Management LLC purchased a new position in shares of Carrier Global during the 4th quarter valued at $49,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Trading Up 2.8 %

Shares of NYSE:CARR traded up $1.83 during trading on Monday, reaching $68.00. 4,104,156 shares of the company traded hands, compared to its average volume of 4,262,028. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The business's fifty day moving average is $66.33 and its 200-day moving average is $71.95. The firm has a market capitalization of $58.75 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 2.01 and a beta of 1.35.

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Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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, analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CARR shares. The Goldman Sachs Group started coverage on Carrier Global in a research note on Thursday, December 12th. They set a "buy" rating and a $96.00 price objective for the company. Barclays dropped their price target on Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a research report 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 objective on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. raised shares of Carrier Global from a "neutral" rating to an "overweight" rating and raised their target price for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company cut their price target 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. Five equities research 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $82.53.

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.