Crowley Wealth Management Inc. Makes New $92,000 Investment in Carrier Global Co. (NYSE:CARR)

Crowley Wealth Management Inc. bought a new position in Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,350 shares of the company’s stock, valued at approximately $92,000.

Several other large investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. grew 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 valued at $25,000 after buying an additional 160 shares during the period. FSA Wealth Management LLC bought a new position in shares of Carrier Global during the third quarter worth $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global during the 4th quarter valued at about $31,000. Roxbury Financial LLC bought a new position in Carrier Global during the fourth quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC bought a new position in shares of Carrier Global during the 4th quarter valued at approximately $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 0.4 %

Shares of NYSE:CARR opened at $66.15 on Monday. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. 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 stock has a market cap of $57.15 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. The business has a 50-day moving average price of $66.32 and a 200-day moving average price of $71.95.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 quarter last year, the company posted $0.53 earnings per share. Equities analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Royal Bank of Canada reduced their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Barclays reduced their price target on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price 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.