GWN Securities Inc. Purchases New Position in Carrier Global Co. (NYSE:CARR)

GWN Securities Inc. purchased a new stake in Carrier Global Co. (NYSE:CARR) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 9,071 shares of the company’s stock, valued at approximately $636,000.

Several other large investors have also made changes to their positions in CARR. FSA Wealth Management LLC bought a new stake in Carrier Global during the third quarter worth approximately $28,000. BOK Financial Private Wealth Inc. boosted its position in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the period. Coastline Trust Co bought a new stake in Carrier Global during the third quarter worth approximately $37,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter worth approximately $31,000. Finally, Centricity Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter worth approximately $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $66.77 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The stock has a fifty day moving average price of $66.42 and a two-hundred day moving average price of $72.10. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. 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 (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 earned $0.53 earnings per share. As a group, analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CARR shares. Northcoast Research started coverage on Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating for the company. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Friday, February 14th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. Royal Bank of Canada cut their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Citigroup cut their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

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.