Frank Rimerman Advisors LLC Has $463,000 Position in Carrier Global Co. (NYSE:CARR)

Frank Rimerman Advisors LLC reduced its position in shares of Carrier Global Co. (NYSE:CARR) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,781 shares of the company’s stock after selling 1,699 shares during the period. Frank Rimerman Advisors LLC’s holdings in Carrier Global were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CARR. Oppenheimer Asset Management Inc. acquired a new stake in Carrier Global during the 3rd quarter worth approximately $200,000. ING Groep NV acquired a new stake in Carrier Global during the 3rd quarter worth approximately $1,190,000. CIBC Asset Management Inc lifted its holdings in Carrier Global by 8.4% during the 3rd quarter. CIBC Asset Management Inc now owns 124,110 shares of the company’s stock worth $9,990,000 after purchasing an additional 9,627 shares during the last quarter. Coastline Trust Co acquired a new stake in Carrier Global during the 3rd quarter worth approximately $37,000. Finally, Natixis Advisors LLC lifted its holdings in Carrier Global by 25.6% during the 3rd quarter. Natixis Advisors LLC now owns 280,146 shares of the company’s stock worth $22,549,000 after purchasing an additional 57,042 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on CARR. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Friday, February 14th. Wells Fargo & Company lowered their price objective on 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. Royal Bank of Canada lowered their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, Citigroup lowered their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Trading Up 3.9 %

Shares of CARR stock opened at $66.77 on Monday. The firm has a market capitalization of $57.68 billion, a P/E ratio of 10.63, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a twelve month low of $53.33 and a twelve 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 stock’s fifty day simple moving average is $66.42 and its 200 day simple moving average is $72.10.

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

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.