Haverford Trust Co Sells 544 Shares of Carrier Global Co. (NYSE:CARR)

Haverford Trust Co trimmed its position in shares of Carrier Global Co. (NYSE:CARR) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,703 shares of the company’s stock after selling 544 shares during the period. Haverford Trust Co’s holdings in Carrier Global were worth $526,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Congress Wealth Management LLC DE boosted its stake in Carrier Global by 29.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 6,278 shares of the company’s stock valued at $429,000 after purchasing an additional 1,436 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of Carrier Global during the fourth quarter worth approximately $92,000. LPL Financial LLC boosted its position in shares of Carrier Global by 11.6% in the fourth quarter. LPL Financial LLC now owns 568,482 shares of the company’s stock valued at $38,805,000 after acquiring an additional 58,958 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Carrier Global in the fourth quarter worth $19,733,000. Finally, Sei Investments Co. increased its position in Carrier Global by 261.4% during the fourth quarter. Sei Investments Co. now owns 826,266 shares of the company’s stock worth $56,401,000 after acquiring an additional 597,653 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Up 0.2 %

Shares of CARR stock opened at $68.07 on Wednesday. The company has a market capitalization of $58.81 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $66.33 and a 200 day moving average price of $71.94.

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 net margin of 23.83% and a return on equity of 18.82%. During the same period in the previous year, the company earned $0.53 earnings per share. Research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CARR. Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada lowered their price target 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 reduced their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on 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. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.