Glenview Trust co Reduces Holdings in Carrier Global Co. (NYSE:CARR)

Glenview Trust co reduced its position in Carrier Global Co. (NYSE:CARR) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,683 shares of the company’s stock after selling 558 shares during the quarter. Glenview Trust co’s holdings in Carrier Global were worth $1,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its position in shares of Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock valued at $341,300,000 after buying an additional 4,915,826 shares during the last quarter. FMR LLC raised its holdings in Carrier Global by 36.2% in the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after acquiring an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Carrier Global in the 3rd quarter worth approximately $130,479,000. Raymond James Financial Inc. acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $108,433,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Carrier Global in the fourth quarter valued at approximately $43,589,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 3.9 %

Shares of NYSE:CARR opened at $66.77 on Monday. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company’s 50 day moving average is $66.42 and its two-hundred day moving average is $72.10. The company has a market cap of $57.68 billion, a PE ratio of 10.63, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last posted 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 firm earned $0.53 EPS. Equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on CARR shares. Royal Bank of Canada cut their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Barclays decreased their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Finally, Citigroup decreased their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Five equities research 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, Carrier Global presently has an average rating of “Moderate Buy” and an average target price 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.