Commonwealth Equity Services LLC Decreases Stock Position in Carrier Global Co. (NYSE:CARR)

Commonwealth Equity Services LLC trimmed its holdings in shares of Carrier Global Co. (NYSE:CARR) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 332,043 shares of the company’s stock after selling 1,673 shares during the period. Commonwealth Equity Services LLC’s holdings in Carrier Global were worth $22,665,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CARR. BOK Financial Private Wealth Inc. lifted its stake in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after acquiring an additional 160 shares during the period. FSA Wealth Management LLC bought a new stake in Carrier Global in the 3rd quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global during the 4th quarter valued at $31,000. Coastline Trust Co bought a new position in shares of Carrier Global during the 3rd quarter valued at $37,000. Finally, Roxbury Financial LLC purchased a new stake in Carrier Global during the fourth quarter valued at $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $66.77 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The company’s 50-day moving average price is $66.42 and its 200-day moving average price is $72.10. The company has a market cap of $57.68 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 prior year, the firm earned $0.53 EPS. On average, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CARR shares. The Goldman Sachs Group started coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Royal Bank of Canada cut their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised 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 research note on Wednesday, March 5th. Citigroup decreased their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Wells Fargo & Company dropped their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.53.

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.