Meiji Yasuda Asset Management Co Ltd. Sells 658 Shares of Carrier Global Co. (NYSE:CARR)

Meiji Yasuda Asset Management Co Ltd. lowered its position in Carrier Global Co. (NYSE:CARR) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 76,526 shares of the company’s stock after selling 658 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Carrier Global were worth $5,224,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. PKS Advisory Services LLC bought a new stake in shares of Carrier Global during the fourth quarter worth $334,000. TIAA Trust National Association grew its position in shares of Carrier Global by 1.2% during the 4th quarter. TIAA Trust National Association now owns 31,967 shares of the company’s stock worth $2,182,000 after buying an additional 376 shares during the period. Congress Wealth Management LLC DE lifted its holdings in Carrier Global by 29.7% in the fourth quarter. Congress Wealth Management LLC DE now owns 6,278 shares of the company’s stock valued at $429,000 after buying an additional 1,436 shares during the period. Crowley Wealth Management Inc. bought a new position in Carrier Global in the fourth quarter valued at approximately $92,000. Finally, LPL Financial LLC grew its holdings in Carrier Global by 11.6% during the 4th quarter. LPL Financial LLC now owns 568,482 shares of the company’s stock worth $38,805,000 after acquiring an additional 58,958 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.2 %

Shares of NYSE:CARR opened at $68.07 on Wednesday. The company’s 50-day moving average price is $66.33 and its two-hundred day moving average price is $71.94. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. 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 stock has a market capitalization of $58.81 billion, a PE ratio of 10.84, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued 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 return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Citigroup dropped their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group initiated coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company. Wells Fargo & Company reduced their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Finally, Barclays dropped their price target on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.