Carrier Global Co. (NYSE:CARR) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC lowered its stake in Carrier Global Co. (NYSE:CARR) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,757 shares of the company’s stock after selling 11,425 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Carrier Global were worth $7,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. lifted 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 acquiring an additional 160 shares during the period. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter worth approximately $31,000. Roxbury Financial LLC acquired a new stake in Carrier Global in the fourth quarter worth approximately $49,000. Centricity Wealth Management LLC acquired a new stake in Carrier Global in the fourth quarter worth approximately $49,000. Finally, Flagship Wealth Advisors LLC bought a new position in Carrier Global during the 4th quarter valued at $54,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $63.40 on Wednesday. The company has a market cap of $54.78 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company’s fifty day moving average is $65.81 and its two-hundred day moving average is $71.62. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32.

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, 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 last year, the business earned $0.53 EPS. Equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CARR shares. Wells Fargo & Company dropped their price objective on 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. Citigroup dropped their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Finally, Barclays cut their target price on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.27.

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.