Mawer Investment Management Ltd. Reduces Stake in Carrier Global Co. (NYSE:CARR)

Mawer Investment Management Ltd. cut its holdings in shares of Carrier Global Co. (NYSE:CARR) by 11.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 497,405 shares of the company’s stock after selling 61,293 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Carrier Global were worth $33,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. State Street Corp raised its holdings in shares of Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,665,505 shares of the company’s stock worth $2,709,736,000 after purchasing an additional 469,108 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Carrier Global by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company’s stock valued at $1,357,961,000 after buying an additional 289,439 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Carrier Global by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after buying an additional 46,222 shares during the period. Norges Bank purchased a new stake in shares of Carrier Global in the fourth quarter worth about $588,029,000. Finally, Pictet Asset Management Holding SA grew its holdings in Carrier Global by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock worth $415,078,000 after acquiring an additional 126,174 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 3.6 %

NYSE CARR opened at $63.28 on Friday. The business has a fifty day moving average price of $66.08 and a 200 day moving average price of $71.81. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The company has a market cap of $54.67 billion, a P/E ratio of 10.08, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a one year low of $53.33 and a one year 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, topping 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 period in the prior year, the company earned $0.53 EPS. Research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CARR. Citigroup lowered their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Barclays cut their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday. Royal Bank of Canada lowered their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Friday, February 14th. Five 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 stock. Based on data from MarketBeat.com, Carrier Global 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.