Elo Mutual Pension Insurance Co Cuts Position in Carrier Global Co. (NYSE:CARR)

Elo Mutual Pension Insurance Co reduced its stake in shares of Carrier Global Co. (NYSE:CARR) by 5.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 77,069 shares of the company’s stock after selling 4,739 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Carrier Global were worth $5,261,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Artisan Partners Limited Partnership acquired a new stake in shares of Carrier Global in the 4th quarter worth approximately $166,061,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Carrier Global by 10.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,366,157 shares of the company’s stock worth $94,592,000 after purchasing an additional 127,914 shares in the last quarter. Korea Investment CORP grew its holdings in Carrier Global by 43.8% in the fourth quarter. Korea Investment CORP now owns 498,385 shares of the company’s stock valued at $34,020,000 after purchasing an additional 151,770 shares during the last quarter. Ausdal Financial Partners Inc. increased its position in shares of Carrier Global by 69.2% in the fourth quarter. Ausdal Financial Partners Inc. now owns 4,280 shares of the company’s stock valued at $292,000 after buying an additional 1,750 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. acquired a new position in shares of Carrier Global during the 4th quarter worth $307,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CARR. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Barclays lowered their price target on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. Wells Fargo & Company reduced their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” 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 assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.27.

Carrier Global Trading Down 1.9 %

NYSE CARR opened at $65.67 on Friday. The company has a 50-day moving average of $66.21 and a 200-day moving average of $71.86. 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 Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company has a market cap of $56.74 billion, a P/E ratio of 10.46, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $0.53 EPS. As a group, equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global 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.