Carrier Global Co. (NYSE:CARR) Stock Holdings Trimmed by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in Carrier Global Co. (NYSE:CARR) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 1,024,405 shares of the company’s stock after selling 35,625 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Carrier Global were worth $69,926,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. FMR LLC lifted its holdings in Carrier Global by 36.2% in the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after purchasing an additional 2,320,909 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carrier Global in the 3rd quarter worth approximately $130,479,000. Raymond James Financial Inc. acquired a new stake in shares of Carrier Global in the 4th quarter worth approximately $108,433,000. Mizuho Securities USA LLC boosted its holdings in shares of Carrier Global by 1,428.4% in the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock valued at $79,484,000 after acquiring an additional 922,892 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of Carrier Global by 10,995.5% during the fourth quarter. Proficio Capital Partners LLC now owns 491,308 shares of the company’s stock valued at $33,537,000 after acquiring an additional 486,880 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday, February 24th. Citigroup lowered 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. Barclays dropped their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $77.00 to $78.00 in a research report on Wednesday. Finally, Northcoast Research began coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Trading Up 3.0 %

NYSE CARR opened at $67.36 on Friday. The firm’s 50 day moving average price is $66.68 and its two-hundred day moving average price is $72.27. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a market cap of $58.20 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 prior year, the company posted $0.53 earnings per share. Equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

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.