Bank Julius Baer & Co. Ltd Zurich Reduces Stock Position in Carrier Global Co. (NYSE:CARR)

Bank Julius Baer & Co. Ltd Zurich lowered its position in shares of Carrier Global Co. (NYSE:CARR) by 36.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,282 shares of the company’s stock after selling 10,361 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Carrier Global were worth $1,377,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mesirow Financial Investment Management Inc. lifted its position in Carrier Global by 7.6% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 14,119 shares of the company’s stock valued at $964,000 after acquiring an additional 996 shares during the period. Edgestream Partners L.P. bought a new stake in Carrier Global during the 4th quarter valued at about $1,957,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in Carrier Global by 19.9% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,950 shares of the company’s stock valued at $270,000 after purchasing an additional 656 shares in the last quarter. Callan Family Office LLC bought a new stake in Carrier Global during the 4th quarter valued at about $2,019,000. Finally, Candriam S.C.A. increased its stake in Carrier Global by 1.0% during the 4th quarter. Candriam S.C.A. now owns 83,924 shares of the company’s stock valued at $5,729,000 after purchasing an additional 825 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $67.36 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The company has a market capitalization of $58.20 billion, a P/E ratio of 10.73, a P/E/G ratio of 2.01 and a beta of 1.35. The firm’s 50 day simple moving average is $66.68 and its two-hundred day simple moving average is $72.28.

Carrier Global (NYSE:CARR) last issued 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the company earned $0.53 EPS. Research analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on CARR shares. Northcoast Research started coverage on shares of Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Barclays reduced their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research note on Monday, February 24th. Wells Fargo & Company reduced their price target 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. Finally, Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

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.