LPL Financial LLC Purchases 58,958 Shares of Carrier Global Co. (NYSE:CARR)

LPL Financial LLC lifted its position in shares of Carrier Global Co. (NYSE:CARR) by 11.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 568,482 shares of the company’s stock after acquiring an additional 58,958 shares during the quarter. LPL Financial LLC owned approximately 0.06% of Carrier Global worth $38,805,000 at the end of the most recent quarter.

Other large investors 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 purchased a new stake in shares of Carrier Global during the 3rd quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the 4th quarter worth approximately $31,000. Roxbury Financial LLC purchased a new position in Carrier Global in the 4th quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC bought a new stake in Carrier Global during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CARR shares. Citigroup cut their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. Royal Bank of Canada decreased their price target 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. Wells Fargo & Company cut their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Five research 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $82.27.

Carrier Global Stock Down 3.6 %

CARR opened at $63.28 on Friday. 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 business’s fifty day simple moving average is $66.08 and its 200 day simple moving average is $71.81. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The stock has a market cap of $54.67 billion, a PE ratio of 10.08, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last announced 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 in the previous year, the business posted $0.53 EPS. As a group, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal 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.