HM Payson & Co. Lowers Position in Carrier Global Co. (NYSE:CARR)

HM Payson & Co. trimmed its position in shares of Carrier Global Co. (NYSE:CARR) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,778 shares of the company’s stock after selling 571 shares during the quarter. HM Payson & Co.’s holdings in Carrier Global were worth $6,128,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CARR. FMR LLC increased its position in Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after purchasing an additional 2,320,909 shares during the period. Zurich Insurance Group Ltd FI acquired a new position in Carrier Global during the third quarter worth $130,479,000. Raymond James Financial Inc. purchased a new position in Carrier Global in the fourth quarter worth $108,433,000. Mizuho Securities USA LLC lifted its holdings in Carrier Global by 1,428.4% in the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock valued at $79,484,000 after acquiring an additional 922,892 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in Carrier Global by 10,995.5% in the fourth quarter. Proficio Capital Partners LLC now owns 491,308 shares of the company’s stock valued at $33,537,000 after acquiring an additional 486,880 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CARR has been the topic of a number of research analyst reports. Barclays decreased their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Wells Fargo & Company decreased 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. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and upped their target price for the company from $77.00 to $78.00 in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Trading Up 3.0 %

Shares of Carrier Global stock opened at $67.36 on Friday. The firm has a market cap of $58.20 billion, a PE ratio of 10.73, 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. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The business’s fifty day moving average is $66.68 and its two-hundred day moving average is $72.24.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 period last year, the business posted $0.53 EPS. Analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

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.