Thrivent Financial for Lutherans Reduces Holdings in Carrier Global Co. (NYSE:CARR)

Thrivent Financial for Lutherans reduced its position in Carrier Global Co. (NYSE:CARR) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 40,599 shares of the company’s stock after selling 1,835 shares during the period. Thrivent Financial for Lutherans’ holdings in Carrier Global were worth $2,794,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Wealthfront Advisers LLC grew its stake in Carrier Global by 5,840.1% during the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock valued at $341,300,000 after purchasing an additional 4,915,826 shares in the last quarter. FMR LLC boosted its stake in shares of Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after buying an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carrier Global during the third quarter worth approximately $130,479,000. Raymond James Financial Inc. bought a new stake in shares of Carrier Global in the fourth quarter worth $108,433,000. Finally, OFI Invest Asset Management acquired a new stake in Carrier Global in the fourth quarter valued at $43,589,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CARR. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. 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. Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.27.

Carrier Global Stock Down 1.9 %

CARR stock opened at $65.67 on Friday. 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 firm’s 50-day simple moving average is $66.21 and its 200 day simple moving average is $71.86. The stock has a market cap of $56.74 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 previous year, the firm earned $0.53 EPS. As a group, sell-side analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

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.