Carrier Global Co. (NYSE:CARR) Holdings Decreased by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. cut its holdings in Carrier Global Co. (NYSE:CARRFree Report) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,765 shares of the company’s stock after selling 1,575 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Carrier Global were worth $4,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CARR. American Century Companies Inc. lifted its holdings in Carrier Global by 29.2% in the 1st quarter. American Century Companies Inc. now owns 16,359 shares of the company’s stock valued at $750,000 after acquiring an additional 3,700 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Carrier Global by 40.1% in the 1st quarter. Panagora Asset Management Inc. now owns 36,481 shares of the company’s stock valued at $1,673,000 after acquiring an additional 10,445 shares during the last quarter. Sequoia Financial Advisors LLC lifted its holdings in Carrier Global by 23.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 7,493 shares of the company’s stock valued at $343,000 after acquiring an additional 1,412 shares during the last quarter. Candriam Luxembourg S.C.A. lifted its holdings in Carrier Global by 22.7% in the 1st quarter. Candriam Luxembourg S.C.A. now owns 65,241 shares of the company’s stock valued at $2,992,000 after acquiring an additional 12,089 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in Carrier Global by 10.6% in the 1st quarter. Baird Financial Group Inc. now owns 786,543 shares of the company’s stock valued at $36,078,000 after acquiring an additional 75,622 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CARR has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Barclays upped their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup upped their price objective on shares of Carrier Global from $52.00 to $56.00 and gave the company a “neutral” rating in a research note on Monday, December 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $59.36.

Check Out Our Latest Stock Analysis on Carrier Global

Insiders Place Their Bets

In other news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the sale, the vice president now directly owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Carrier Global Trading Down 1.1 %

NYSE:CARR opened at $56.79 on Wednesday. The company has a market capitalization of $51.12 billion, a P/E ratio of 35.94, a P/E/G ratio of 2.41 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73. The stock’s 50 day moving average price is $56.26 and its 200 day moving average price is $54.58. Carrier Global Co. has a 52 week low of $40.28 and a 52 week high of $60.87.

Carrier Global (NYSE:CARRGet Free Report) last announced its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. On average, research analysts forecast that Carrier Global Co. will post 2.82 EPS for the current fiscal year.

Carrier Global Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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