CFO4Life Group LLC Sells 360 Shares of Carrier Global Co. (NYSE:CARR)

CFO4Life Group LLC trimmed its stake in shares of Carrier Global Co. (NYSE:CARR) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 8,111 shares of the company’s stock after selling 360 shares during the quarter. CFO4Life Group LLC’s holdings in Carrier Global were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (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. boosted its position in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the period. FSA Wealth Management LLC bought a new position in Carrier Global during the third quarter worth $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global during the fourth quarter worth $31,000. Coastline Trust Co bought a new position in Carrier Global during the third quarter worth $37,000. Finally, Roxbury Financial LLC bought a new position in Carrier Global during the fourth quarter worth $49,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Down 0.3 %

CARR stock opened at $65.47 on Thursday. 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 company has a market cap of $56.56 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The business has a 50-day simple moving average of $66.55 and a 200 day simple moving average of $72.18.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping 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 quarter in the prior year, the business earned $0.53 earnings per share. Sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

CARR has been the subject of a number of research analyst reports. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Barclays dropped their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Royal Bank of Canada dropped their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. 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’s stock. According to MarketBeat.com, the company currently 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.