FineMark National Bank & Trust Has $1.84 Million Stock Position in Carrier Global Co. (NYSE:CARR)

FineMark National Bank & Trust lessened its position in shares of Carrier Global Co. (NYSE:CARR) by 3.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,014 shares of the company’s stock after selling 1,090 shares during the quarter. FineMark National Bank & Trust’s holdings in Carrier Global were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. RFG Advisory LLC boosted its holdings in Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after purchasing an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC lifted 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 buying an additional 19,018 shares during the period. Daiwa Securities Group Inc. boosted its stake in Carrier Global by 12.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after buying an additional 11,032 shares in the last quarter. Cerity Partners LLC grew its position in Carrier Global by 39.0% in the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after acquiring an additional 38,365 shares during the period. Finally, Miracle Mile Advisors LLC acquired a new position in Carrier Global during the fourth quarter worth $2,213,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Barclays reduced their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Wells Fargo & Company reduced their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Five 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 presently has a consensus rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Trading Up 0.2 %

Shares of CARR opened at $68.07 on Wednesday. The stock’s fifty day simple moving average is $66.33 and its 200-day simple moving average is $71.94. The firm has a market capitalization of $58.81 billion, a PE ratio of 10.84, 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. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 quarter in the prior year, the firm posted $0.53 EPS. As a group, research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current 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.