GLOBALT Investments LLC GA Sells 239 Shares of Carrier Global Co. (NYSE:CARR)

GLOBALT Investments LLC GA lowered its position in shares of Carrier Global Co. (NYSE:CARR) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 16,507 shares of the company’s stock after selling 239 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Carrier Global were worth $1,127,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. GWN Securities Inc. purchased a new position in shares of Carrier Global in the fourth quarter worth about $636,000. Corient Private Wealth LLC increased its holdings in shares of Carrier Global by 665.4% in the fourth quarter. Corient Private Wealth LLC now owns 474,834 shares of the company’s stock worth $32,020,000 after buying an additional 412,799 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Carrier Global by 3.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 33,971 shares of the company’s stock worth $2,319,000 after buying an additional 1,245 shares during the period. Choate Investment Advisors increased its holdings in shares of Carrier Global by 35.7% in the fourth quarter. Choate Investment Advisors now owns 18,661 shares of the company’s stock worth $1,274,000 after buying an additional 4,906 shares during the period. Finally, Montis Financial LLC increased its holdings in shares of Carrier Global by 7.9% in the fourth quarter. Montis Financial LLC now owns 4,095 shares of the company’s stock worth $280,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $67.62 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The stock’s 50 day simple moving average is $66.39 and its two-hundred day simple moving average is $72.07. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The stock has a market cap of $58.42 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS 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 period in the previous year, the company posted $0.53 EPS. As a group, analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CARR. Citigroup decreased their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Friday, February 14th. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target 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.