Level Four Advisory Services LLC Raises Stock Position in Carrier Global Co. (NYSE:CARR)

Level Four Advisory Services LLC grew its position in Carrier Global Co. (NYSE:CARR) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,853 shares of the company’s stock after buying an additional 561 shares during the period. Level Four Advisory Services LLC’s holdings in Carrier Global were worth $331,000 as of its most recent SEC filing.

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

Carrier Global Price Performance

Carrier Global stock opened at $63.47 on Tuesday. 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 has a fifty day simple moving average of $65.95 and a 200-day simple moving average of $71.71. The stock has a market cap of $54.83 billion, a P/E ratio of 10.11, a price-to-earnings-growth 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.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (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 quarter in the prior year, the business posted $0.53 earnings per share. Equities analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Monday, February 24th. Mizuho raised 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. The Goldman Sachs Group started coverage on Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. Royal Bank of Canada cut their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Citigroup lowered their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. 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’s stock. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

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.