RFG Advisory LLC Has $289,000 Stock Holdings in Carrier Global Co. (NYSE:CARR)

RFG Advisory LLC trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR) by 32.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,030 shares of the company’s stock after selling 2,406 shares during the period. RFG Advisory LLC’s holdings in Carrier Global were worth $289,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in Carrier Global by 712.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,482,866 shares of the company’s stock valued at $799,843,000 after purchasing an additional 15,330,140 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Carrier Global by 83,676.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,410,303 shares of the company’s stock valued at $346,925,000 after purchasing an additional 8,400,264 shares during the last quarter. Norges Bank acquired a new stake in Carrier Global in the 4th quarter valued at about $297,581,000. C WorldWide Group Holding A S acquired a new stake in Carrier Global in the 3rd quarter valued at about $260,761,000. Finally, Victory Capital Management Inc. lifted its stake in Carrier Global by 1,140.8% in the 4th quarter. Victory Capital Management Inc. now owns 4,138,117 shares of the company’s stock valued at $170,697,000 after purchasing an additional 3,804,624 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARR has been the subject of several recent analyst reports. Wells Fargo & Company cut their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Barclays raised their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada cut their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, February 7th. Finally, Citigroup raised their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Hold” and a consensus price target of $60.77.

Carrier Global Stock Up 0.4 %

Shares of CARR opened at $56.86 on Friday. Carrier Global Co. has a 12 month low of $40.28 and a 12 month high of $60.87. The firm’s 50 day moving average is $56.45 and its 200-day moving average is $54.76. The stock has a market capitalization of $51.18 billion, a PE ratio of 35.99, a P/E/G ratio of 2.40 and a beta of 1.39. The company has a current ratio of 2.73, a quick ratio of 2.40 and a debt-to-equity ratio of 1.58.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The business had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Equities research analysts forecast that Carrier Global Co. will post 2.82 EPS for the current year.

Insider Activity at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the transaction, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by insiders.

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.