Capital Management Corp VA Sells 14,940 Shares of Carrier Global Co. (NYSE:CARR)

Capital Management Corp VA lessened its position in Carrier Global Co. (NYSE:CARR) by 14.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,909 shares of the company’s stock after selling 14,940 shares during the quarter. Capital Management Corp VA’s holdings in Carrier Global were worth $5,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. FMR LLC increased its position in shares of Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after purchasing an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new stake in Carrier Global in the third quarter worth approximately $130,479,000. Raymond James Financial Inc. purchased a new stake in Carrier Global in the fourth quarter worth approximately $108,433,000. Mizuho Securities USA LLC raised its stake in shares of Carrier Global by 1,428.4% during the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after acquiring an additional 922,892 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its stake in shares of Carrier Global by 10,995.5% during the fourth quarter. Proficio Capital Partners LLC now owns 491,308 shares of the company’s stock worth $33,537,000 after acquiring an additional 486,880 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CARR shares. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock 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. Citigroup reduced their price target 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. Finally, 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 report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Price Performance

CARR stock opened at $67.36 on Friday. The firm has a 50-day moving average of $66.68 and a 200 day moving average of $72.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market cap of $58.20 billion, a P/E ratio of 10.73, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating 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 period in the previous year, the firm posted $0.53 earnings per share. On average, sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

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.