Carrier Global Co. (NYSE:CARR) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,845 shares of the company’s stock after selling 1,589 shares during the quarter. Securian Asset Management Inc.’s holdings in Carrier Global were worth $3,061,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new position in shares of Carrier Global during the third quarter worth about $28,000. BOK Financial Private Wealth Inc. raised its holdings in shares of Carrier Global by 80.0% during 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. Coastline Trust Co acquired a new position in Carrier Global during the 3rd quarter worth approximately $37,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global in the 4th quarter worth approximately $31,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Carrier Global in the third quarter valued at approximately $50,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Down 0.3 %

Carrier Global stock opened at $65.47 on Thursday. 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 1 year low of $53.33 and a 1 year high of $83.32. The firm’s 50-day moving average is $66.55 and its 200-day moving average is $72.18. The company has a market cap of $56.56 billion, a P/E ratio of 10.42, a PEG 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 (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 earnings per share. On average, equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CARR. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Royal Bank of Canada lowered their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Citigroup dropped their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company cut their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $82.53.

About Carrier Global

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.