Alliancebernstein L.P. Sells 68,094 Shares of Carrier Global Co. (NYSE:CARR)

Alliancebernstein L.P. cut its holdings in Carrier Global Co. (NYSE:CARR) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,666,933 shares of the company’s stock after selling 68,094 shares during the quarter. Alliancebernstein L.P.’s holdings in Carrier Global were worth $182,045,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CARR. UMB Bank n.a. raised its holdings in shares of Carrier Global by 1.1% during 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 during the last quarter. Chicago Partners Investment Group LLC raised its stake in Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock valued at $403,000 after buying an additional 147 shares during the last quarter. Ingalls & Snyder LLC lifted its holdings in shares of Carrier Global by 1.2% during the 3rd quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock valued at $991,000 after buying an additional 150 shares during the period. Hanson & Doremus Investment Management boosted its stake in shares of Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after buying an additional 150 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. grew its holdings in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares during the period. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

NYSE:CARR opened at $63.40 on Wednesday. The business’s 50-day simple moving average is $65.81 and its two-hundred day simple moving average is $71.62. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The stock has a market cap of $54.78 billion, a PE ratio of 10.10, a P/E/G 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 (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 quarter in the prior year, the firm posted $0.53 EPS. As a group, analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. 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. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Barclays cut their target price on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Royal Bank of Canada decreased 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, JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $82.27.

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.