Vontobel Holding Ltd. Has $92.61 Million Stake in Carrier Global Co. (NYSE:CARR)

Vontobel Holding Ltd. trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 2.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,612,035 shares of the company's stock after selling 32,377 shares during the period. Vontobel Holding Ltd. owned 0.19% of Carrier Global worth $92,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CARR. Price T Rowe Associates Inc. MD boosted its position in Carrier Global by 712.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,482,866 shares of the company's stock worth $799,843,000 after purchasing an additional 15,330,140 shares during the period. Moneta Group Investment Advisors LLC boosted its position 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 buying an additional 8,400,264 shares during the last quarter. Norges Bank purchased a new position in Carrier Global in the 4th quarter valued at about $297,581,000. C WorldWide Group Holding A S purchased a new position in Carrier Global in the 3rd quarter valued at about $260,761,000. Finally, Victory Capital Management Inc. boosted its position 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 buying an additional 3,804,624 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $63.00 to $57.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 7th. Citigroup upped their target price on shares of Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Barclays upped their target price on shares of Carrier Global from $71.00 to $78.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada cut their target price on shares of Carrier Global from $63.00 to $60.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $60.77.

Carrier Global Stock Performance

CARR traded up $0.22 on Friday, hitting $56.84. 5,654,105 shares of the company's stock were exchanged, compared to its average volume of 3,813,049. The firm has a market cap of $51.16 billion, a PE ratio of 35.97, a P/E/G ratio of 2.40 and a beta of 1.39. Carrier Global Co. has a twelve month low of $40.28 and a twelve month high of $60.87. The stock has a fifty day moving average of $56.45 and a two-hundred day moving average of $54.77. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. During the same quarter last year, the business earned $0.40 earnings per share. Carrier Global's revenue was down .1% compared to the same quarter last year. On average, research analysts anticipate that Carrier Global Co. will post 2.82 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Kevin J. O'connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Carrier Global news, VP Kevin J. O'connor sold 26,551 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the sale, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 422,808 shares of the company's stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Insiders own 6.95% of the company's stock.

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.