Murphy & Mullick Capital Management Corp Buys New Holdings in Carrier Global Co. (NYSE:CARR)

Murphy & Mullick Capital Management Corp purchased a new position in shares of Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 849 shares of the company’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. increased its holdings in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares during the last quarter. FSA Wealth Management LLC bought a new position in Carrier Global during the third quarter worth $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at $31,000. Roxbury Financial LLC bought a new position in shares of Carrier Global in the fourth quarter valued at about $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth about $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 1.9 %

CARR stock opened at $65.67 on Friday. The stock has a market capitalization of $56.74 billion, a P/E ratio of 10.46, a price-to-earnings-growth 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 firm has a 50-day moving average price of $66.21 and a 200-day moving average price of $71.86. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CARR. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Royal Bank of Canada lowered their target price 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. Citigroup reduced their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.27.

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.