AIA Group Ltd Has $5.69 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

AIA Group Ltd boosted its position in Carrier Global Co. (NYSE:CARR - Free Report) by 16.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 98,959 shares of the company's stock after acquiring an additional 14,003 shares during the period. AIA Group Ltd's holdings in Carrier Global were worth $5,685,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CARR. CapWealth Advisors LLC grew its holdings in Carrier Global by 0.5% in the fourth quarter. CapWealth Advisors LLC now owns 99,020 shares of the company's stock valued at $5,689,000 after purchasing an additional 471 shares during the period. Delta Financial Advisors LLC increased its stake in Carrier Global by 5.5% during the fourth quarter. Delta Financial Advisors LLC now owns 32,397 shares of the company's stock worth $1,861,000 after acquiring an additional 1,682 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of Carrier Global by 16.4% in the 4th quarter. Federated Hermes Inc. now owns 4,537 shares of the company's stock valued at $261,000 after purchasing an additional 638 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of Carrier Global by 62.1% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,965 shares of the company's stock valued at $113,000 after purchasing an additional 753 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Carrier Global by 6.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 75,197 shares of the company's stock worth $4,320,000 after purchasing an additional 4,512 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Down 1.6 %

CARR traded down $0.87 during trading on Thursday, hitting $53.38. The company had a trading volume of 3,050,494 shares, compared to its average volume of 4,685,329. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.87. The business has a 50-day moving average of $56.41 and a 200-day moving average of $54.75. The company has a market cap of $48.05 billion, a PE ratio of 33.79, a P/E/G ratio of 2.31 and a beta of 1.39.

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

Insiders Place Their Bets

In related news, VP Kevin J. O'connor sold 26,551 shares of the stock in a transaction dated 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 sale, the vice president now owns 66,083 shares of the company's stock, valued at approximately $3,553,282.91. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Carrier Global news, VP Kevin J. O'connor sold 26,551 shares of the business's stock in a transaction dated 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 sale, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David L. Gitlin sold 354,539 shares of the business's stock in a transaction dated 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 in the company, valued at $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CARR. Royal Bank of Canada decreased 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 note on Wednesday, February 7th. Oppenheimer reiterated an "outperform" rating and issued a $63.00 price target on shares of Carrier Global in a report on Thursday. Barclays boosted their price objective on Carrier Global from $71.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Wells Fargo & Company dropped their target price on Carrier Global from $63.00 to $57.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 7th. Finally, Citigroup upped their price target on Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $61.15.

Carrier Global 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.