Barden Capital Management Inc. Sells 280 Shares of Carrier Global Co. (NYSE:CARR)

Barden Capital Management Inc. decreased its position in Carrier Global Co. (NYSE:CARR) by 1.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 28,276 shares of the company’s stock after selling 280 shares during the period. Carrier Global accounts for about 1.7% of Barden Capital Management Inc.’s portfolio, making the stock its 21st largest holding. Barden Capital Management Inc.’s holdings in Carrier Global were worth $1,930,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CARR. State Street Corp boosted 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 acquiring an additional 469,108 shares during the period. Geode Capital Management LLC raised its position in shares of Carrier Global by 1.7% in the third quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company’s stock valued at $1,357,961,000 after buying an additional 289,439 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Carrier Global by 0.3% in the fourth 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 during the period. FMR LLC lifted its position in shares of Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after acquiring an additional 2,320,909 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Carrier Global by 1.9% during the 3rd 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 purchasing an additional 110,988 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised 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. Citigroup reduced their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Northcoast Research assumed coverage on shares of Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Five 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Price Performance

Carrier Global stock opened at $65.29 on Friday. The stock has a market capitalization of $56.41 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The stock’s 50 day moving average price is $66.71 and its two-hundred day moving average price is $72.25.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 company earned $0.53 EPS. On average, equities analysts predict 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.