Carrier Global Co. (NYSE:CARR) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lessened its stake in shares of Carrier Global Co. (NYSE:CARR) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,526 shares of the company’s stock after selling 658 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Carrier Global were worth $5,224,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. raised its position in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global during the third quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global in the 4th quarter worth approximately $31,000. Roxbury Financial LLC purchased a new position in Carrier Global during the 4th quarter worth approximately $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter valued at $49,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Up 0.2 %

Shares of NYSE:CARR opened at $68.07 on Wednesday. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. 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 cap of $58.81 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.01 and a beta of 1.35. The stock’s 50-day moving average is $66.33 and its 200-day moving average is $71.94.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS 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 last year, the firm earned $0.53 earnings per share. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CARR shares. Royal Bank of Canada lowered their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group started coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Citigroup lowered their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company dropped 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target 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.