Vestmark Advisory Solutions Inc. Reduces Holdings in Carrier Global Co. (NYSE:CARR)

Vestmark Advisory Solutions Inc. lessened its position in shares of Carrier Global Co. (NYSE:CARR – Get Rating) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,888 shares of the company’s stock after selling 294 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Carrier Global were worth $490,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of Carrier Global by 121.2% during the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock valued at $25,000 after buying an additional 303 shares during the last quarter. MinichMacGregor Wealth Management LLC purchased a new stake in Carrier Global during the 4th quarter worth about $27,000. Bell Investment Advisors Inc lifted its holdings in Carrier Global by 97.9% during the 3rd quarter. Bell Investment Advisors Inc now owns 746 shares of the company’s stock worth $27,000 after purchasing an additional 369 shares in the last quarter. Creative Capital Management Investments LLC purchased a new stake in Carrier Global during the 4th quarter worth about $31,000. Finally, Truvestments Capital LLC lifted its holdings in Carrier Global by 2,500.0% during the 3rd quarter. Truvestments Capital LLC now owns 832 shares of the company’s stock worth $30,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 85.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Carrier Global from $44.00 to $46.00 in a report on Monday, December 5th. Citigroup increased their price objective on Carrier Global from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Thursday, February 9th. Oppenheimer assumed coverage on Carrier Global in a report on Monday, March 27th. They issued an “outperform” rating and a $51.00 target price on the stock. Wells Fargo & Company raised their price target on Carrier Global from $43.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, January 19th. Finally, The Goldman Sachs Group raised their price target on Carrier Global from $48.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, December 15th. Four equity research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.93.

Carrier Global Price Performance

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Shares of Carrier Global stock opened at $45.69 on Tuesday. The firm has a market capitalization of $38.15 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.81 and a beta of 1.33. Carrier Global Co. has a 12 month low of $33.10 and a 12 month high of $49.17. The business’s 50-day moving average price is $45.14 and its 200-day moving average price is $42.25. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.08.

Carrier Global (NYSE:CARR – Get Rating) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $5.11 billion for the quarter, compared to analyst estimates of $5.07 billion. Carrier Global had a return on equity of 26.86% and a net margin of 17.31%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. Sell-side analysts forecast that Carrier Global Co. will post 2.53 EPS for the current fiscal year.

Insider Transactions at Carrier Global

In other news, VP Kyle Crockett sold 10,433 shares of Carrier Global stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $45.85, for a total value of $478,353.05. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Kyle Crockett sold 10,433 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $45.85, for a total value of $478,353.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Nadia Villeneuve sold 20,538 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $45.45, for a total value of $933,452.10. Following the completion of the transaction, the vice president now owns 48,900 shares of the company’s stock, valued at approximately $2,222,505. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

About Carrier Global

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Carrier Global Corporation provides heating, ventilation, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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