Carrier Global Co. (NYSE:CARR) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in Carrier Global Co. (NYSE:CARR) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 451,785 shares of the company’s stock after selling 74,293 shares during the period. Prudential Financial Inc. owned approximately 0.05% of Carrier Global worth $30,839,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CARR. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Carrier Global in the 3rd quarter valued at $590,000. Advisors Asset Management Inc. lifted its stake in shares of Carrier Global by 231.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 15,960 shares of the company’s stock worth $1,285,000 after acquiring an additional 11,144 shares during the period. Nwam LLC purchased a new stake in shares of Carrier Global in the third quarter valued at about $274,000. Great Valley Advisor Group Inc. increased its stake in shares of Carrier Global by 1.6% during the third quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company’s stock worth $759,000 after acquiring an additional 150 shares during the period. Finally, Cerity Partners LLC raised its holdings in Carrier Global by 39.0% during the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after purchasing an additional 38,365 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CARR shares. Barclays lowered their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Friday, February 14th. Citigroup cut their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Five research 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 company’s stock. According to MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Stock Up 0.2 %

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

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 EPS 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 quarter in the previous year, the firm posted $0.53 EPS. Equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal 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.