Carret Asset Management LLC Sells 333 Shares of Carrier Global Co. (NYSE:CARR)

Carret Asset Management LLC decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,505 shares of the company’s stock after selling 333 shares during the period. Carret Asset Management LLC’s holdings in Carrier Global were worth $649,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Versor Investments LP bought a new stake in shares of Carrier Global during the third quarter valued at approximately $338,000. Harbour Investments Inc. increased its position in shares of Carrier Global by 8.5% during the third quarter. Harbour Investments Inc. now owns 7,042 shares of the company’s stock valued at $567,000 after acquiring an additional 553 shares in the last quarter. Aptus Capital Advisors LLC increased its position in shares of Carrier Global by 39.4% during the third quarter. Aptus Capital Advisors LLC now owns 9,324 shares of the company’s stock valued at $750,000 after acquiring an additional 2,633 shares in the last quarter. Empower Advisory Group LLC bought a new stake in shares of Carrier Global during the third quarter valued at approximately $224,000. Finally, Haverford Trust Co increased its position in shares of Carrier Global by 2.6% during the third quarter. Haverford Trust Co now owns 8,247 shares of the company’s stock valued at $664,000 after acquiring an additional 211 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 3.9 %

Shares of Carrier Global stock opened at $66.77 on Friday. The company’s fifty day simple moving average is $66.42 and its 200-day simple moving average is $72.09. The stock has a market capitalization of $57.68 billion, a PE ratio of 10.63, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last released its earnings results 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the previous year, the business posted $0.53 EPS. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CARR has been the subject of several analyst reports. Northcoast Research initiated coverage on shares of Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating for the company. Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Barclays dropped their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada dropped their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

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.