Great Lakes Advisors LLC Reduces Stake in Carrier Global Co. (NYSE:CARR)

Great Lakes Advisors LLC lowered its holdings in Carrier Global Co. (NYSE:CARR) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 664,311 shares of the company’s stock after selling 5,697 shares during the period. Great Lakes Advisors LLC owned approximately 0.07% of Carrier Global worth $45,346,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. CWA Asset Management Group LLC bought a new stake in shares of Carrier Global in the 3rd quarter worth approximately $272,000. Sigma Planning Corp lifted its holdings in Carrier Global by 4.5% in the third quarter. Sigma Planning Corp now owns 12,729 shares of the company’s stock valued at $1,025,000 after acquiring an additional 549 shares during the period. Legacy Capital Wealth Partners LLC purchased a new stake in Carrier Global in the third quarter worth about $229,000. Ashton Thomas Securities LLC purchased a new stake in shares of Carrier Global during the third quarter worth about $50,000. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Carrier Global during the third quarter worth about $1,368,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Trading Down 2.0 %

Shares of Carrier Global stock opened at $65.74 on Wednesday. The stock’s 50-day simple moving average is $66.61 and its 200 day simple moving average is $72.23. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The stock has a market capitalization of $56.79 billion, a P/E ratio of 10.47, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the company earned $0.53 earnings per share. As a group, research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CARR shares. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Friday, February 14th. 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. Northcoast Research assumed coverage on Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Wells Fargo & Company dropped their price target on 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. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

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.