PKS Advisory Services LLC Invests $334,000 in Carrier Global Co. (NYSE:CARR)

PKS Advisory Services LLC acquired a new stake in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,895 shares of the company’s stock, valued at approximately $334,000.

A number of other large investors have also added to or reduced their stakes in CARR. FSA Wealth Management LLC bought a new position in shares of Carrier Global during the third quarter valued at $28,000. BOK Financial Private Wealth Inc. grew its position in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the 4th quarter valued at about $31,000. Centricity Wealth Management LLC purchased a new position in Carrier Global in the fourth quarter worth about $49,000. Finally, Roxbury Financial LLC bought a new position in shares of Carrier Global in the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR opened at $68.07 on Wednesday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a market cap of $58.81 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 2.01 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $66.33 and its 200 day moving average is $71.94.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 prior year, the business posted $0.53 earnings per share. On average, equities research analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

CARR has been the subject of a number of recent analyst reports. Citigroup decreased their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. Wells Fargo & Company lowered their price target 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. Barclays reduced their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. Five 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 stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

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.