Carrier Global Co. (NYSE:CARR) Shares Sold by Aviva PLC

by · The Cerbat Gem

Aviva PLC trimmed its stake in Carrier Global Co. (NYSE:CARR – Free Report) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 791,419 shares of the company’s stock after selling 14,948 shares during the period. Aviva PLC’s holdings in Carrier Global were worth $54,022,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Dempze Nancy E boosted its holdings in shares of Carrier Global by 20.5% in the fourth quarter. Dempze Nancy E now owns 37,482 shares of the company’s stock valued at $2,559,000 after acquiring an additional 6,372 shares during the period. Resona Asset Management Co. Ltd. acquired a new position in shares of Carrier Global in the 4th quarter valued at $16,667,000. Notis McConarty Edward boosted its stake in Carrier Global by 9.1% during the 4th quarter. Notis McConarty Edward now owns 47,260 shares of the company’s stock worth $3,226,000 after purchasing an additional 3,935 shares during the period. Kidder Stephen W boosted its stake in Carrier Global by 17.7% during the 4th quarter. Kidder Stephen W now owns 84,190 shares of the company’s stock worth $5,747,000 after purchasing an additional 12,645 shares during the period. Finally, Somerville Kurt F grew its position in Carrier Global by 12.5% during the 4th quarter. Somerville Kurt F now owns 147,645 shares of the company’s stock worth $10,078,000 after purchasing an additional 16,363 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARR has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of 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 lowered their target price 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 note on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. Royal Bank of Canada lowered their price objective 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. Finally, JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.27.

Check Out Our Latest Research Report on Carrier Global

Carrier Global Stock Performance

Shares of CARR stock opened at $57.06 on Friday. The stock has a fifty day moving average price of $65.27 and a 200 day moving average price of $71.31. The stock has a market cap of $49.30 billion, a PE ratio of 9.09, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR – Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 company earned $0.53 earnings per share. Sell-side analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

About Carrier Global

(Free Report)

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.

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