Carrier Global Co. (NYSE:CARR) Shares Sold by Bristol Gate Capital Partners Inc.

Bristol Gate Capital Partners Inc. lessened its position in Carrier Global Co. (NYSE:CARR) by 21.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,196,219 shares of the company’s stock after selling 325,900 shares during the period. Carrier Global comprises 4.0% of Bristol Gate Capital Partners Inc.’s portfolio, making the stock its 19th largest holding. Bristol Gate Capital Partners Inc. owned approximately 0.13% of Carrier Global worth $81,654,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in Carrier Global by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock valued at $1,181,300,000 after purchasing an additional 420,081 shares during the last quarter. Fisher Asset Management LLC lifted its position in 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 purchasing an additional 46,222 shares during the last quarter. Norges Bank acquired a new position in shares of Carrier Global during the fourth quarter worth approximately $588,029,000. Pictet Asset Management Holding SA grew its stake in shares of Carrier Global by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock worth $415,078,000 after purchasing an additional 126,174 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Carrier Global by 40.3% during the 4th quarter. Invesco Ltd. now owns 5,057,148 shares of the company’s stock valued at $345,201,000 after buying an additional 1,453,247 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their target price for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Citigroup reduced their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Wells Fargo & Company decreased their target price on 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. Finally, Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Friday, February 14th. Five 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 company’s stock. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average price target of $82.27.

Carrier Global Stock Down 6.0 %

Shares of NYSE CARR opened at $57.06 on Monday. The firm has a market cap of $49.30 billion, a PE ratio of 9.09, a P/E/G ratio of 2.01 and a beta of 1.33. The company’s fifty day simple moving average is $65.27 and its 200 day simple moving average is $71.26. 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 Co. has a 12-month low of $48.50 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR) last posted its earnings results 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 net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the business posted $0.53 earnings per share. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal 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.