Lifeworks Advisors LLC Reduces Stock Holdings in Carrier Global Co. (NYSE:CARR)

Lifeworks Advisors LLC reduced its stake in shares of Carrier Global Co. (NYSE:CARR) by 56.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,735 shares of the company’s stock after selling 15,111 shares during the quarter. Lifeworks Advisors LLC’s holdings in Carrier Global were worth $801,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Meridian Wealth Management LLC grew its stake in Carrier Global by 2.3% during the 3rd quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock valued at $485,000 after purchasing an additional 137 shares in the last quarter. UMB Bank n.a. grew its stake in Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after purchasing an additional 143 shares in the last quarter. Essex Savings Bank grew its stake in Carrier Global by 2.2% during the 3rd quarter. Essex Savings Bank now owns 6,608 shares of the company’s stock valued at $532,000 after purchasing an additional 144 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock valued at $403,000 after purchasing an additional 147 shares in the last quarter. Finally, Great Valley Advisor Group Inc. grew its stake in Carrier Global by 1.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company’s stock valued at $759,000 after purchasing an additional 150 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Trading Up 3.0 %

NYSE:CARR opened at $67.36 on Friday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The firm has a market capitalization of $58.20 billion, a P/E ratio of 10.73, a P/E/G ratio of 2.01 and a beta of 1.35. 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 business has a 50 day simple moving average of $66.68 and a 200 day simple moving average of $72.27.

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, 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 last year, the company posted $0.53 earnings per share. Equities research analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of recent analyst reports. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, November 13th. 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 target price for the company. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $77.00 to $78.00 in a research report on Wednesday. Finally, Wells Fargo & Company decreased their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Five 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. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global 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.