Mitsubishi UFJ Trust & Banking Corp Sells 15,302 Shares of Carrier Global Co. (NYSE:CARR)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 358,678 shares of the company’s stock after selling 15,302 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Carrier Global were worth $24,483,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. RFG Advisory LLC grew its position in Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after acquiring an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC boosted its stake in Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after purchasing an additional 19,018 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at $2,213,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Carrier Global in the third quarter valued at $793,000. Finally, Waldron Private Wealth LLC raised its holdings in shares of Carrier Global by 90.5% in the fourth quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock valued at $1,128,000 after buying an additional 7,854 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of CARR stock opened at $65.67 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The firm has a fifty day moving average of $66.21 and a 200-day moving average of $71.86. The firm has a market capitalization of $56.74 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth 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 return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CARR. 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 report on Wednesday, February 12th. Citigroup cut their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group assumed coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Wells Fargo & Company cut their target price on shares of 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. Finally, Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Monday, February 24th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.