Corebridge Financial Inc. Sells 6,374 Shares of Carrier Global Co. (NYSE:CARR)

Corebridge Financial Inc. reduced its holdings in Carrier Global Co. (NYSE:CARR) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 198,445 shares of the company’s stock after selling 6,374 shares during the quarter. Corebridge Financial Inc.’s holdings in Carrier Global were worth $13,546,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. BOK Financial Private Wealth Inc. raised its holdings in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the last quarter. FSA Wealth Management LLC bought a new position in Carrier Global during the third quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global in the fourth quarter valued at about $31,000. Roxbury Financial LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Carrier Global in the 4th quarter valued at about $49,000. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CARR shares. Barclays cut their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and upped their target price for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Friday, February 14th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company decreased their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Stock Performance

NYSE CARR opened at $68.07 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The company has a market capitalization of $58.81 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a 50-day simple moving average of $66.33 and a 200 day simple moving average of $71.94. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the company earned $0.53 earnings per share. On average, research analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

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.