Delta Asset Management LLC TN Has $34.85 Million Position in Carrier Global Co. (NYSE:CARR)

Delta Asset Management LLC TN lowered its stake in Carrier Global Co. (NYSE:CARR) by 1.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 510,524 shares of the company’s stock after selling 9,503 shares during the period. Carrier Global makes up 3.1% of Delta Asset Management LLC TN’s portfolio, making the stock its 9th largest holding. Delta Asset Management LLC TN’s holdings in Carrier Global were worth $34,848,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CARR. State Street Corp grew its position in shares of Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,665,505 shares of the company’s stock valued at $2,709,736,000 after purchasing an additional 469,108 shares during the last quarter. Geode Capital Management LLC boosted its stake in Carrier Global by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company’s stock valued at $1,357,961,000 after purchasing an additional 289,439 shares during the period. Fisher Asset Management LLC grew its holdings in Carrier Global by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after buying an additional 46,222 shares in the last quarter. FMR LLC increased its position in Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after buying an additional 2,320,909 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Carrier Global by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,993,169 shares of the company’s stock worth $482,390,000 after buying an additional 110,988 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $66.99 on Thursday. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market cap of $57.87 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 2.01 and a beta of 1.35. The firm has a 50 day simple moving average of $66.29 and a 200 day simple moving average of $71.90.

Carrier Global (NYSE:CARR) last announced its quarterly 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 period in the previous year, the business posted $0.53 earnings per share. Research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on CARR. JPMorgan Chase & Co. raised 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 research report on Wednesday, March 5th. Barclays lowered their target price on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Monday, February 24th. Wells Fargo & Company reduced their price target 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. Finally, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Friday, February 14th. 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

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.