Mitsubishi UFJ Trust & Banking Corp Has $24.48 Million Stake in Carrier Global Co. (NYSE:CARR)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Carrier Global Co. (NYSE:CARR) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 358,678 shares of the company’s stock after selling 15,302 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Carrier Global were worth $24,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BOK Financial Private Wealth Inc. increased its stake in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global in the third quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $31,000. Roxbury Financial LLC bought a new stake in Carrier Global during the fourth quarter worth about $49,000. Finally, Centricity Wealth Management LLC acquired a new position in Carrier Global during the fourth quarter valued at approximately $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $65.67 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm has a market cap of $56.74 billion, a price-to-earnings ratio of 10.46, a P/E/G ratio of 2.01 and a beta of 1.35. The stock’s fifty day moving average price is $66.21 and its two-hundred day moving average price is $71.86. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS 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 period in the prior year, the firm earned $0.53 EPS. On average, equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CARR. Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Barclays lowered their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada cut their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.27.

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.