Prudential Financial Inc. Lowers Stock Holdings in Carrier Global Co. (NYSE:CARR)

Prudential Financial Inc. lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 14.1% during the fourth quarter, HoldingsChannel reports. The firm owned 451,785 shares of the company’s stock after selling 74,293 shares during the quarter. Prudential Financial Inc.’s holdings in Carrier Global were worth $30,839,000 at the end of the most recent quarter.

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

Carrier Global Trading Up 0.2 %

Shares of NYSE CARR opened at $68.07 on Wednesday. The stock has a market capitalization of $58.81 billion, a P/E ratio of 10.84, a PEG ratio of 2.01 and a beta of 1.35. The stock’s 50 day moving average price is $66.33 and its two-hundred day moving average price is $71.94. 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 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings data 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 net margin of 23.83% and a return on equity of 18.82%. During the same period in the prior year, the firm earned $0.53 earnings per share. On average, analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CARR has been the topic of several research reports. Wells Fargo & Company cut 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. 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. Barclays dropped their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Citigroup reduced their price target on shares of 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, The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Five investment 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 stock. Based on data from MarketBeat, Carrier Global presently has a consensus 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.