HBK Sorce Advisory LLC Buys 578 Shares of Carrier Global Co. (NYSE:CARR)

HBK Sorce Advisory LLC boosted its stake in shares of Carrier Global Co. (NYSE:CARR) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,420 shares of the company’s stock after purchasing an additional 578 shares during the period. HBK Sorce Advisory LLC’s holdings in Carrier Global were worth $643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. RFG Advisory LLC grew its position 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 buying an additional 1,904 shares during the period. Princeton Global Asset Management LLC grew its holdings in Carrier Global by 1,156.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after purchasing an additional 19,018 shares during the period. Daiwa Securities Group Inc. increased its position in Carrier Global by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after buying an additional 11,032 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Carrier Global by 39.0% in the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after buying an additional 38,365 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new position in Carrier Global during the fourth quarter valued at approximately $2,213,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CARR shares. The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective on the stock. Barclays lowered their price target on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Wells Fargo & Company lowered their target price on shares of 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, JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Five investment 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’s stock. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Up 3.9 %

CARR stock opened at $66.77 on Friday. 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 Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a market capitalization of $57.68 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The firm’s fifty day simple moving average is $66.42 and its two-hundred day simple moving average is $72.09.

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