Frank Rimerman Advisors LLC Has $463,000 Position in Carrier Global Co. (NYSE:CARR)

Frank Rimerman Advisors LLC cut its stake in shares of Carrier Global Co. (NYSE:CARR) by 20.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,781 shares of the company’s stock after selling 1,699 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Carrier Global were worth $463,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meridian Wealth Management LLC lifted its stake in shares of Carrier Global by 2.3% in the 3rd quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock valued at $485,000 after purchasing an additional 137 shares during the period. UMB Bank n.a. lifted its stake in shares of Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after purchasing an additional 143 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock valued at $403,000 after purchasing an additional 147 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of Carrier Global by 1.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company’s stock valued at $759,000 after purchasing an additional 150 shares during the period. Finally, Ingalls & Snyder LLC lifted its stake in shares of Carrier Global by 1.2% in the 3rd quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock valued at $991,000 after purchasing an additional 150 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CARR. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Northcoast Research began coverage on Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. Barclays dropped their price target on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company dropped their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Citigroup dropped their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Stock Performance

CARR stock opened at $66.77 on Monday. The firm has a market cap of $57.68 billion, a PE ratio of 10.63, a P/E/G ratio of 2.01 and a beta of 1.35. 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 business has a 50 day moving average of $66.42 and a 200-day moving average of $72.10. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32.

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