Davidson Trust Co. Has $259,000 Stock Position in Carrier Global Co. (NYSE:CARR)

Davidson Trust Co. reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,514 shares of the company’s stock after selling 270 shares during the quarter. Davidson Trust Co.’s holdings in Carrier Global were worth $259,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CARR. Price T Rowe Associates Inc. MD increased its holdings in Carrier Global by 712.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,482,866 shares of the company’s stock worth $799,843,000 after purchasing an additional 15,330,140 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Carrier Global by 83,676.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,410,303 shares of the company’s stock worth $346,925,000 after purchasing an additional 8,400,264 shares in the last quarter. Norges Bank bought a new stake in Carrier Global during the 4th quarter worth approximately $297,581,000. C WorldWide Group Holding A S bought a new stake in Carrier Global during the 3rd quarter worth approximately $260,761,000. Finally, Victory Capital Management Inc. increased its holdings in Carrier Global by 1,140.8% during the 4th quarter. Victory Capital Management Inc. now owns 4,138,117 shares of the company’s stock worth $170,697,000 after purchasing an additional 3,804,624 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup boosted their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company decreased their price objective on Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Barclays upped their target price on Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $63.00 target price on shares of Carrier Global in a report on Thursday. Finally, Royal Bank of Canada reduced their target price on Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.15.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the sale, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. 6.95% of the stock is owned by corporate insiders.

Carrier Global Stock Performance

NYSE CARR traded up $0.53 on Friday, hitting $53.91. 1,068,141 shares of the stock traded hands, compared to its average volume of 4,636,550. The business’s fifty day moving average is $56.41 and its two-hundred day moving average is $54.75. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87. The firm has a market capitalization of $48.52 billion, a price-to-earnings ratio of 33.79, a PEG ratio of 2.29 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The business had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same period in the prior year, the company earned $0.40 earnings per share. Carrier Global’s revenue was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Carrier Global Co. will post 2.82 EPS for the current fiscal year.

About Carrier Global

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.