Carrier Global Co. (NYSE:CARR) Stock Holdings Lowered by Legal & General Group Plc

Legal & General Group Plc lessened its stake in shares of Carrier Global Co. (NYSE:CARR) by 25.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,656,587 shares of the company’s stock after selling 1,624,023 shares during the period. Legal & General Group Plc owned about 0.52% of Carrier Global worth $317,857,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Morse Asset Management Inc acquired a new stake in Carrier Global in the 3rd quarter worth approximately $201,000. Wellington Management Group LLP grew its stake in shares of Carrier Global by 761.6% in the 3rd quarter. Wellington Management Group LLP now owns 45,064 shares of the company’s stock valued at $3,627,000 after purchasing an additional 39,834 shares during the period. Kovitz Investment Group Partners LLC raised its stake in Carrier Global by 103.9% during the third quarter. Kovitz Investment Group Partners LLC now owns 36,247 shares of the company’s stock worth $2,918,000 after acquiring an additional 18,474 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of Carrier Global by 48.8% in the third quarter. EP Wealth Advisors LLC now owns 21,708 shares of the company’s stock valued at $1,747,000 after acquiring an additional 7,119 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Carrier Global by 7.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 238,988 shares of the company’s stock worth $19,236,000 after purchasing an additional 15,609 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 2.4 %

NYSE CARR opened at $55.46 on Wednesday. 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 Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The firm has a market cap of $47.92 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The stock has a 50-day moving average of $64.63 and a 200-day moving average of $70.81.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping the consensus estimate 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 business posted $0.53 earnings per share. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada dropped their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group started coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company. Wells Fargo & Company dropped 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. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Finally, Barclays dropped their price target on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.33.

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.