Wells Fargo & Company MN Has $82.42 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Wells Fargo & Company MN reduced its holdings in shares of Carrier Global Co. (NYSE:CARR) by 9.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,207,401 shares of the company’s stock after selling 131,319 shares during the quarter. Wells Fargo & Company MN owned 0.13% of Carrier Global worth $82,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Kidder Stephen W increased its holdings in Carrier Global by 17.7% during the 4th quarter. Kidder Stephen W now owns 84,190 shares of the company’s stock worth $5,747,000 after purchasing an additional 12,645 shares in the last quarter. Somerville Kurt F grew its holdings in Carrier Global by 12.5% during the fourth quarter. Somerville Kurt F now owns 147,645 shares of the company’s stock worth $10,078,000 after buying an additional 16,363 shares in the last quarter. First Western Trust Bank grew its holdings in Carrier Global by 30.5% during the fourth quarter. First Western Trust Bank now owns 9,972 shares of the company’s stock worth $681,000 after buying an additional 2,330 shares in the last quarter. Puzo Michael J raised its position in Carrier Global by 16.1% in the 4th quarter. Puzo Michael J now owns 101,577 shares of the company’s stock valued at $6,934,000 after buying an additional 14,088 shares during the last quarter. Finally, Atlas Capital Advisors Inc. lifted its stake in Carrier Global by 9,642.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 2,728 shares of the company’s stock valued at $186,000 after acquiring an additional 2,700 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CARR shares. Royal Bank of Canada reduced their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and upped their target price for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Finally, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $56.73 on Tuesday. The firm has a market capitalization of $49.01 billion, a PE ratio of 9.03, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $65.06 and a two-hundred day moving average price of $71.09. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS 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 firm posted $0.53 earnings per share. Equities analysts forecast 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.