Wedbush Securities Inc. Acquires 2,057 Shares of Carrier Global Co. (NYSE:CARR)

Wedbush Securities Inc. boosted its stake in shares of Carrier Global Co. (NYSE:CARR) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,158 shares of the company’s stock after purchasing an additional 2,057 shares during the quarter. Wedbush Securities Inc.’s holdings in Carrier Global were worth $1,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CARR. UMB Bank n.a. boosted its holdings in shares of Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after buying an additional 143 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after acquiring an additional 147 shares during the period. Hanson & Doremus Investment Management grew its position in shares of Carrier Global by 6.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock valued at $176,000 after purchasing an additional 150 shares during the last quarter. BOK Financial Private Wealth Inc. grew its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC increased its stake in shares of Carrier Global by 2.8% during the third quarter. Garden State Investment Advisory Services LLC now owns 5,950 shares of the company’s stock worth $480,000 after purchasing an additional 161 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on 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. The Goldman Sachs Group started coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Barclays dropped their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada dropped their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.27.

Carrier Global Stock Performance

NYSE:CARR opened at $57.06 on Monday. 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 market capitalization of $49.30 billion, a PE ratio of 9.09, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a twelve month low of $48.50 and a twelve month high of $83.32. The stock’s 50-day simple moving average is $65.27 and its 200 day simple moving average is $71.26.

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, beating the consensus estimate 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 quarter last year, the firm posted $0.53 EPS. On average, analysts anticipate that Carrier Global Co. will post 2.99 EPS 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.