Broderick Brian C Decreases Stake in Carrier Global Co. (NYSE:CARR)

Broderick Brian C lessened its stake in shares of Carrier Global Co. (NYSE:CARR) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,162 shares of the company’s stock after selling 2,410 shares during the quarter. Broderick Brian C’s holdings in Carrier Global were worth $6,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. RFG Advisory LLC raised its holdings in shares of Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after acquiring an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after purchasing an additional 19,018 shares during the period. Miracle Mile Advisors LLC purchased a new stake in shares of Carrier Global in the 4th quarter worth about $2,213,000. Waldron Private Wealth LLC boosted its stake in shares of Carrier Global by 90.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock valued at $1,128,000 after purchasing an additional 7,854 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Carrier Global by 761.6% in the third quarter. Wellington Management Group LLP now owns 45,064 shares of the company’s stock worth $3,627,000 after buying an additional 39,834 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of research analyst reports. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday, February 14th. Citigroup dropped their price objective 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. Finally, JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and raised their target price for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $82.27.

Carrier Global Price Performance

CARR opened at $60.69 on Friday. The company’s 50-day simple moving average is $65.53 and its two-hundred day simple moving average is $71.50. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The stock has a market capitalization of $52.44 billion, a P/E ratio of 9.66, a P/E/G ratio of 2.01 and a beta of 1.33. 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 earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period in the previous year, the company earned $0.53 EPS. As a group, analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Company 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.