Excalibur Management Corp Has $906,000 Holdings in Carrier Global Co. (NYSE:CARR)

Excalibur Management Corp decreased its position in Carrier Global Co. (NYSE:CARR) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,266 shares of the company’s stock after selling 218 shares during the quarter. Excalibur Management Corp’s holdings in Carrier Global were worth $906,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. raised its stake in shares of Carrier Global by 80.0% in 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 in the last quarter. FSA Wealth Management LLC acquired a new position in Carrier Global in the 3rd quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the 4th quarter worth $31,000. Roxbury Financial LLC bought a new stake in Carrier Global during the fourth quarter valued at about $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $49,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, February 14th. Royal Bank of Canada dropped their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Monday, February 24th. JPMorgan Chase & Co. upgraded 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 report on Wednesday, March 5th. Finally, Citigroup reduced their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Five equities research 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 MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Price Performance

Carrier Global stock opened at $68.07 on Wednesday. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The firm has a market cap of $58.81 billion, a P/E ratio of 10.84, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The business’s fifty day moving average is $66.33 and its two-hundred day moving average is $71.94.

Carrier Global (NYSE:CARR) last announced 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 in the prior year, the firm earned $0.53 earnings per share. Equities research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal 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.