Massachusetts Financial Services Co. MA Sells 146,189 Shares of Carrier Global Co. (NYSE:CARR)

Massachusetts Financial Services Co. MA decreased its position in shares of Carrier Global Co. (NYSE:CARR) by 15.4% in the fourth quarter, HoldingsChannel reports. The fund owned 800,685 shares of the company’s stock after selling 146,189 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Carrier Global were worth $54,655,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. lifted its holdings in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global during the 4th quarter valued at about $31,000. Meeder Asset Management Inc. raised its stake in Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after buying an additional 340 shares during the last quarter. Roxbury Financial LLC purchased a new stake in Carrier Global in the fourth quarter valued at about $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in Carrier Global in the fourth quarter worth about $49,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. Barclays dropped their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Citigroup reduced their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada dropped 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. Five research 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.27.

Carrier Global Stock Down 6.0 %

Shares of CARR stock opened at $57.06 on Friday. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a market cap of $49.30 billion, a P/E ratio of 9.09, a P/E/G ratio of 2.01 and a beta of 1.33. The stock has a 50 day moving average of $65.27 and a 200 day moving average of $71.31. 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 (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 quarter last year, the business posted $0.53 earnings per share. As a group, sell-side analysts expect 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.