Natixis Advisors LLC Sells 34,548 Shares of Carrier Global Co. (NYSE:CARR)

Natixis Advisors LLC lowered its position in shares of Carrier Global Co. (NYSE:CARR) by 12.3% in the 4th quarter, HoldingsChannel reports. The firm owned 245,598 shares of the company’s stock after selling 34,548 shares during the quarter. Natixis Advisors LLC’s holdings in Carrier Global were worth $16,765,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. lifted its stake in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the last quarter. FSA Wealth Management LLC bought a new stake in Carrier Global during the third quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter worth about $31,000. Roxbury Financial LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $49,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.6 %

CARR stock opened at $67.25 on Wednesday. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The business’s 50 day moving average price is $66.38 and its two-hundred day moving average price is $72.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The company has a market capitalization of $58.10 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 in the prior year, the business posted $0.53 EPS. As a group, analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CARR shares. The Goldman Sachs Group started coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. Barclays lowered their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their target price on 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. Northcoast Research started coverage on Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and upped their price target for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Five investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global 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.