Huntington National Bank Buys 2,007 Shares of Carrier Global Co. (NYSE:CARR)

Huntington National Bank boosted its stake in Carrier Global Co. (NYSE:CARR) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,790 shares of the company’s stock after purchasing an additional 2,007 shares during the quarter. Huntington National Bank’s holdings in Carrier Global were worth $3,945,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BOK Financial Private Wealth Inc. lifted its stake 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 last quarter. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth $31,000. Meeder Asset Management Inc. lifted its position in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after buying an additional 340 shares during the last quarter. Roxbury Financial LLC acquired a new stake in Carrier Global in the fourth quarter valued at about $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in Carrier Global in the fourth quarter valued at about $49,000. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CARR. The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Citigroup decreased their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. 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. Finally, Royal Bank of Canada reduced their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $82.27.

Carrier Global Trading Up 2.4 %

NYSE:CARR opened at $65.07 on Thursday. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The firm’s fifty day moving average is $65.71 and its 200-day moving average is $71.57. The firm has a market cap of $56.22 billion, a P/E ratio of 10.36, 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.

Carrier Global (NYSE:CARR) last issued its quarterly 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 return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the prior year, the company posted $0.53 earnings per share. Equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global 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.