Wedbush Securities Inc. Has $1.10 Million Stock Holdings in Carrier Global Co. (NYSE:CARR)

Wedbush Securities Inc. raised its holdings in Carrier Global Co. (NYSE:CARR) by 14.6% in the 4th quarter, HoldingsChannel reports. The fund owned 16,158 shares of the company’s stock after acquiring an additional 2,057 shares during the period. Wedbush Securities Inc.’s holdings in Carrier Global were worth $1,103,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CARR. Morse Asset Management Inc acquired a new position in Carrier Global during the 3rd quarter worth about $201,000. Quantinno Capital Management LP raised its position in shares of Carrier Global by 116.9% during the third quarter. Quantinno Capital Management LP now owns 47,906 shares of the company’s stock worth $3,856,000 after acquiring an additional 25,822 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Carrier Global by 4.3% in the third quarter. Stifel Financial Corp now owns 375,511 shares of the company’s stock worth $30,225,000 after acquiring an additional 15,516 shares during the period. Weiss Asset Management LP bought a new stake in Carrier Global in the third quarter valued at approximately $1,528,000. Finally, Wellington Management Group LLP increased its position in Carrier Global by 761.6% during the 3rd quarter. Wellington Management Group LLP now owns 45,064 shares of the company’s stock valued at $3,627,000 after purchasing an additional 39,834 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CARR shares. Citigroup reduced their price objective 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. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. The Goldman Sachs Group began coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Royal Bank of Canada cut their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Barclays lowered their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

Carrier Global Stock Performance

CARR opened at $57.06 on Monday. Carrier Global Co. has a 1-year low of $48.50 and a 1-year high of $83.32. The company has a market cap of $49.30 billion, a price-to-earnings ratio of 9.09, a PEG ratio of 2.01 and a beta of 1.33. The company’s fifty day moving average price is $65.27 and its two-hundred day moving average price is $71.26. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the firm posted $0.53 EPS. On average, analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal 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.