Carrier Global Co. (NYSE:CARR) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lowered its stake in Carrier Global Co. (NYSE:CARR) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,069 shares of the company’s stock after selling 4,739 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Carrier Global were worth $5,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. lifted its position 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 worth $25,000 after purchasing an additional 160 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Carrier Global in the third quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global during the 4th quarter worth about $31,000. Roxbury Financial LLC acquired a new position in shares of Carrier Global during the 4th quarter worth about $49,000. Finally, Centricity Wealth Management LLC purchased a new position in shares of Carrier Global in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE CARR opened at $65.67 on Friday. 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 $56.74 billion, a PE ratio of 10.46, a P/E/G ratio of 2.01 and a beta of 1.35. The stock has a fifty day moving average price of $66.21 and a 200 day moving average price of $71.86. 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, topping the consensus estimate 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 period in the previous year, the firm posted $0.53 earnings per share. Sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

CARR has been the subject of a number of research analyst reports. 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 report on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Citigroup decreased their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Barclays cut their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday. Five equities research 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 stock. According to data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

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.