Zurcher Kantonalbank Zurich Cantonalbank Has $83.54 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Carrier Global Co. (NYSE:CARR) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,454,111 shares of the company’s stock after selling 221,190 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.17% of Carrier Global worth $83,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CARR. Larson Financial Group LLC boosted its position in Carrier Global by 76.2% during the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after acquiring an additional 221 shares during the last quarter. OFI Invest Asset Management bought a new stake in Carrier Global during the third quarter valued at $28,000. VisionPoint Advisory Group LLC bought a new stake in Carrier Global during the third quarter valued at $30,000. Covestor Ltd boosted its position in shares of Carrier Global by 121.2% during the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 303 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Carrier Global during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CARR shares. Royal Bank of Canada cut their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. Citigroup increased 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. Wells Fargo & Company lowered their target price on shares of 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, Barclays upped their target price on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $60.77.

Insider Buying and Selling at Carrier Global

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

Carrier Global Stock Performance

CARR traded down $0.70 during trading hours on Tuesday, hitting $54.76. The stock had a trading volume of 3,169,741 shares, compared to its average volume of 4,734,756. The company’s fifty day simple moving average is $56.43 and its 200 day simple moving average is $54.76. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $60.87. The stock has a market cap of $49.29 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 2.40 and a beta of 1.39. The company has a quick ratio of 2.40, a current ratio of 2.73 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 for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. Equities analysts anticipate that Carrier Global Co. will post 2.82 earnings per share for the current year.

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.