Congress Wealth Management LLC DE Has $429,000 Stock Holdings in Carrier Global Co. (NYSE:CARR)

Congress Wealth Management LLC DE raised its holdings in Carrier Global Co. (NYSE:CARR) by 29.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,278 shares of the company’s stock after buying an additional 1,436 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Carrier Global were worth $429,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp boosted its position in shares of Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,665,505 shares of the company’s stock valued at $2,709,736,000 after acquiring an additional 469,108 shares during the period. Geode Capital Management LLC raised its stake in Carrier Global by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company’s stock valued at $1,357,961,000 after purchasing an additional 289,439 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Carrier Global by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after purchasing an additional 46,222 shares during the period. FMR LLC grew its position in Carrier Global by 36.2% in the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after purchasing an additional 2,320,909 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Carrier Global by 1.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,993,169 shares of the company’s stock worth $482,390,000 after purchasing an additional 110,988 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Down 3.6 %

Shares of CARR stock opened at $63.28 on Friday. The company has a market capitalization of $54.67 billion, a P/E ratio of 10.08, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $66.08 and a 200 day moving average price of $71.81.

Carrier Global (NYSE:CARR) last posted its earnings results 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 period in the previous year, the company earned $0.53 earnings per share. Research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CARR. Wells Fargo & Company reduced their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective on the stock. Citigroup reduced their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. raised shares of 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 investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.27.

About Carrier Global

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.