1,628 Shares in Carrier Global Co. (NYSE:CARR) Bought by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. bought a new stake in Carrier Global Co. (NYSE:CARR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,628 shares of the company’s stock, valued at approximately $111,000.

Other hedge funds have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. raised its holdings in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares during the last quarter. FSA Wealth Management LLC bought a new position in shares of Carrier Global during the third quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the fourth quarter worth $31,000. Coastline Trust Co bought a new stake in shares of Carrier Global in the third quarter worth $37,000. Finally, Roxbury Financial LLC bought a new position in Carrier Global during the 4th quarter worth $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group initiated coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Wednesday, November 13th. Wells Fargo & Company reduced their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Finally, Citigroup lowered their price objective 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. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Down 2.0 %

CARR opened at $65.74 on Wednesday. The firm has a market capitalization of $56.79 billion, a PE ratio of 10.47, a P/E/G ratio of 2.01 and a beta of 1.35. 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 Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The company’s 50-day moving average is $66.61 and its 200 day moving average is $72.23.

Carrier Global (NYSE:CARR) last posted 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 return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the firm earned $0.53 EPS. As a group, research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

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.