Maryland State Retirement & Pension System Cuts Stock Holdings in Carrier Global Co. (NYSE:CARR)

Maryland State Retirement & Pension System reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,802 shares of the company’s stock after selling 3,234 shares during the period. Maryland State Retirement & Pension System’s holdings in Carrier Global were worth $3,058,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC raised its holdings in Carrier Global by 2.3% during the third quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock worth $485,000 after purchasing an additional 137 shares in the last quarter. UMB Bank n.a. raised its holdings in Carrier Global by 1.1% during the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after purchasing an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after purchasing an additional 147 shares in the last quarter. Great Valley Advisor Group Inc. raised its holdings in Carrier Global by 1.6% during the third quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company’s stock worth $759,000 after purchasing an additional 150 shares in the last quarter. Finally, Ingalls & Snyder LLC raised its holdings in Carrier Global by 1.2% during the third quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock worth $991,000 after purchasing an additional 150 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays dropped their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a 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 target price for the company in a report on Monday, February 24th. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. Finally, Wells Fargo & Company dropped their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Down 1.9 %

Shares of NYSE CARR opened at $66.37 on Friday. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The firm’s 50 day moving average price is $66.32 and its 200 day moving average price is $71.97. The firm has a market cap of $57.34 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 quarter last year, the company earned $0.53 EPS. As a group, sell-side analysts anticipate 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.