Aviva PLC Cuts Stock Position in Carrier Global Co. (NYSE:CARR)

Aviva PLC trimmed its stake in shares of Carrier Global Co. (NYSE:CARR) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 791,419 shares of the company’s stock after selling 14,948 shares during the period. Aviva PLC owned 0.09% of Carrier Global worth $54,022,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. UMB Bank n.a. lifted its holdings in Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after purchasing an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after acquiring an additional 147 shares during the last quarter. Hanson & Doremus Investment Management grew its stake in Carrier Global by 6.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock valued at $176,000 after acquiring an additional 150 shares in the last quarter. BOK Financial Private Wealth Inc. raised its holdings 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 acquiring an additional 160 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC lifted its stake in Carrier Global by 2.8% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company’s stock worth $480,000 after purchasing an additional 161 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 6.0 %

CARR opened at $57.06 on Friday. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The business has a fifty day simple moving average of $65.27 and a 200-day simple moving average of $71.31. The firm has a market cap of $49.30 billion, a P/E ratio of 9.09, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company 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 Ratings Changes

Several equities research analysts recently commented on CARR shares. Barclays cut their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Royal Bank of Canada lowered their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Friday, February 14th. Finally, The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.27.

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.