Carrier Global Co. (NYSE:CARR) Stock Holdings Decreased by Marco Investment Management LLC

Marco Investment Management LLC lowered its stake in Carrier Global Co. (NYSE:CARR) by 12.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,256 shares of the company’s stock after selling 900 shares during the period. Marco Investment Management LLC’s holdings in Carrier Global were worth $427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in shares of Carrier Global in the 3rd quarter worth about $28,000. Coastline Trust Co acquired a new position in shares of Carrier Global in the 3rd quarter valued at about $37,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at about $31,000. Capital Performance Advisors LLP acquired a new position in shares of Carrier Global in the 3rd quarter valued at about $44,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Carrier Global in the 3rd quarter valued at about $50,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the subject of several research reports. Northcoast Research initiated coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating for the company. Citigroup decreased their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company. Royal Bank of Canada decreased their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a report on Wednesday, November 13th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Stock Up 0.7 %

CARR stock opened at $65.29 on Friday. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a market capitalization of $56.41 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The firm’s 50-day moving average is $66.71 and its two-hundred day moving average is $72.25. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping 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 business posted $0.53 EPS. On average, analysts forecast that Carrier Global Co. will post 2.99 earnings per share 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.