Carrier Global Co. (NYSE:CARR) Stake Decreased by Schroder Investment Management Group

Schroder Investment Management Group trimmed its holdings in Carrier Global Co. (NYSE:CARR) by 14.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,133,762 shares of the company’s stock after selling 537,514 shares during the quarter. Schroder Investment Management Group owned about 0.35% of Carrier Global worth $213,911,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of Carrier Global in the third quarter worth $28,000. BOK Financial Private Wealth Inc. grew its position in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global during the 4th quarter valued at about $31,000. Centricity Wealth Management LLC bought a new stake in shares of Carrier Global during the 4th quarter worth about $49,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Carrier Global in the 4th quarter worth approximately $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 3.6 %

NYSE:CARR opened at $63.28 on Friday. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The firm has a market capitalization of $54.67 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 2.01 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The business’s fifty day moving average price is $66.08 and its 200 day moving average price is $71.81.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $0.53 EPS. On average, sell-side analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CARR has been the topic of several recent analyst reports. Citigroup dropped their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Royal Bank of Canada dropped their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. 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 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 given a strong buy rating to the company. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $82.27.

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.