JPMorgan Chase & Co. Sells 2,375,456 Shares of Carrier Global Co. (NYSE:CARR)

JPMorgan Chase & Co. reduced its stake in Carrier Global Co. (NYSE:CARR) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,457,940 shares of the company’s stock after selling 2,375,456 shares during the period. JPMorgan Chase & Co.’s holdings in Carrier Global were worth $1,806,019,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. BOK Financial Private Wealth Inc. grew its stake in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Carrier Global during the 3rd quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $31,000. Roxbury Financial LLC bought a new position in Carrier Global in the fourth quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC bought a new position in Carrier Global in the fourth quarter valued at approximately $49,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CARR shares. Barclays reduced their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday. Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Finally, Citigroup lowered their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Five equities research 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Carrier Global Stock Performance

NYSE CARR opened at $65.67 on Friday. The company has a market capitalization of $56.74 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 2.01 and a beta of 1.35. 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 twelve month low of $53.33 and a twelve month high of $83.32. The stock has a fifty day simple moving average of $66.21 and a 200 day simple moving average of $71.86.

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 return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the business earned $0.53 earnings per share. Sell-side analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

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.