Carrier Global Co. (NYSE:CARR) Stock Holdings Decreased by Swiss National Bank

Swiss National Bank lowered its position in shares of Carrier Global Co. (NYSE:CARR) by 4.6% during the fourth quarter, Holdings Channel reports. The fund owned 2,295,185 shares of the company’s stock after selling 111,800 shares during the quarter. Swiss National Bank’s holdings in Carrier Global were worth $156,669,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in Carrier Global during the 3rd quarter worth about $28,000. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Coastline Trust Co acquired a new stake in shares of Carrier Global during the third quarter worth approximately $37,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global during the fourth quarter valued at approximately $31,000. Finally, Ashton Thomas Securities LLC acquired a new position in Carrier Global in the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $64.14 on Friday. The firm has a market capitalization of $55.41 billion, a PE ratio of 10.21, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $66.47 and its 200 day simple moving average is $72.12.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company earned $0.53 EPS. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

CARR has been the subject of a number of research reports. Barclays decreased their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Royal Bank of Canada reduced their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Five 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.