Northwest & Ethical Investments L.P. Sells 27,430 Shares of Carrier Global Co. (NYSE:CARR)

Northwest & Ethical Investments L.P. lowered its stake in Carrier Global Co. (NYSE:CARR) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 328,877 shares of the company’s stock after selling 27,430 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Carrier Global were worth $22,449,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BOK Financial Private Wealth Inc. grew its position in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after acquiring an additional 160 shares during the last quarter. FSA Wealth Management LLC bought a new position in Carrier Global in the third quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the fourth quarter valued at about $31,000. Roxbury Financial LLC bought a new position in Carrier Global in the fourth quarter valued at about $49,000. Finally, Centricity Wealth Management LLC bought a new position in Carrier Global in the fourth quarter valued at about $49,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Citigroup decreased their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Northcoast Research began coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Royal Bank of Canada reduced their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Finally, JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and boosted their price target for the stock 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Performance

Shares of CARR stock opened at $67.72 on Thursday. The business’s 50 day simple moving average is $66.36 and its 200 day simple moving average is $72.01. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The stock has a market capitalization of $58.51 billion, a PE ratio of 10.78, a PEG ratio of 2.01 and a beta of 1.35. 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 (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (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 quarter in the previous year, the business posted $0.53 EPS. As a group, research analysts forecast that Carrier Global Co. will post 2.99 earnings per share 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.