Carrier Global Co. (NYSE:CARR) Stake Lessened by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its position in shares of Carrier Global Co. (NYSE:CARR) by 3.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 44,845 shares of the company’s stock after selling 1,589 shares during the quarter. Securian Asset Management Inc.’s holdings in Carrier Global were worth $3,061,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. raised its stake in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Carrier Global in the 3rd quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global during the 4th quarter valued at about $31,000. Coastline Trust Co acquired a new position in shares of Carrier Global in the 3rd quarter worth approximately $37,000. Finally, Roxbury Financial LLC acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $49,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 0.3 %

Carrier Global stock opened at $65.47 on Thursday. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a market cap of $56.56 billion, a PE ratio of 10.42, a P/E/G ratio of 2.01 and a beta of 1.35. The firm’s 50 day moving average price is $66.55 and its two-hundred day moving average price is $72.18.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping 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 in the prior year, the firm earned $0.53 EPS. On average, research analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

CARR has been the subject of a number of research reports. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, February 24th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, February 14th. Royal Bank of Canada cut their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. 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. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

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.