TIAA Trust National Association Has $2.18 Million Holdings in Carrier Global Co. (NYSE:CARR)

TIAA Trust National Association boosted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 31,967 shares of the company’s stock after acquiring an additional 376 shares during the period. TIAA Trust National Association’s holdings in Carrier Global were worth $2,182,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in shares of Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after purchasing an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Carrier Global by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock valued at $403,000 after acquiring an additional 147 shares during the last quarter. Ingalls & Snyder LLC increased its position in Carrier Global by 1.2% in the third quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock worth $991,000 after purchasing an additional 150 shares during the period. Hanson & Doremus Investment Management raised its holdings in Carrier Global by 6.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after purchasing an additional 150 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its stake in shares of 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 purchasing an additional 160 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 1.7 %

CARR opened at $66.99 on Thursday. The stock has a market capitalization of $57.87 billion, a P/E ratio of 10.67, a P/E/G 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. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The firm’s fifty day simple moving average is $66.29 and its 200 day simple moving average is $71.90.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Friday, February 14th. Barclays reduced their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday. Royal Bank of Canada dropped their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Citigroup reduced 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. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $82.27.

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.