Carrier Global Co. (NYSE:CARR) Shares Sold by PGGM Investments

PGGM Investments trimmed its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 47.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,321 shares of the company's stock after selling 22,151 shares during the period. PGGM Investments' holdings in Carrier Global were worth $1,660,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. boosted its position in Carrier Global by 80.0% in the 4th 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 period. FSA Wealth Management LLC purchased a new stake 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 in the 4th quarter valued at about $31,000. Coastline Trust Co purchased a new stake in Carrier Global in the 3rd quarter valued at about $37,000. Finally, Roxbury Financial LLC purchased a new stake in Carrier Global in the 4th quarter valued at about $49,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Down 0.6 %

NYSE:CARR traded down $0.39 during midday trading on Tuesday, reaching $67.25. 3,097,146 shares of the stock traded hands, compared to its average volume of 5,827,174. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The stock has a market capitalization of $58.10 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The business has a 50-day moving average of $66.39 and a two-hundred day moving average of $72.07.

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Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 last year, the business posted $0.53 EPS. On average, equities analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lowered 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. Northcoast Research began coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a "neutral" rating for the company. The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a "buy" rating and a $96.00 price target for the company. Wells Fargo & Company lowered 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 report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Carrier Global from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently 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.