Flagship Wealth Advisors LLC Invests $54,000 in Carrier Global Co. (NYSE:CARR)

Flagship Wealth Advisors LLC purchased a new position in Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 786 shares of the company’s stock, valued at approximately $54,000.

A number of other hedge funds have also modified their holdings of CARR. FSA Wealth Management LLC acquired a new position in Carrier Global during the third quarter worth $28,000. BOK Financial Private Wealth Inc. increased 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 buying an additional 160 shares during the last quarter. Coastline Trust Co acquired a new position in Carrier Global during the third quarter worth $37,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global during the fourth quarter worth $31,000. Finally, Centricity Wealth Management LLC acquired a new position in Carrier Global during the fourth quarter worth $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CARR has been the topic of several analyst reports. Citigroup lowered their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Monday, February 24th. The Goldman Sachs Group assumed coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and raised their price target for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Finally, Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Stock Up 1.6 %

NYSE CARR opened at $67.62 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a 50-day simple moving average of $66.39 and a 200 day simple moving average of $72.07. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a market cap of $58.42 billion, a PE ratio of 10.77, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 period in the previous year, the firm earned $0.53 earnings per share. On average, research analysts forecast that Carrier Global Co. will post 2.99 EPS 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.