Isthmus Partners LLC Acquires Shares of 4,645 Carrier Global Co. (NYSE:CARR)

Isthmus Partners LLC acquired a new stake in Carrier Global Co. (NYSE:CARR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,645 shares of the company’s stock, valued at approximately $317,000.

Other large investors also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global in the 3rd quarter valued at approximately $28,000. BOK Financial Private Wealth Inc. grew its position in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares during the last quarter. Coastline Trust Co purchased a new position in shares of Carrier Global in the 3rd quarter valued at $37,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Carrier Global in the 4th quarter valued at $31,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Carrier Global in the 3rd quarter valued at $44,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CARR has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Northcoast Research initiated coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Barclays dropped their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their target price for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Finally, 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. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Stock Down 0.6 %

CARR stock opened at $67.00 on Tuesday. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The stock has a market capitalization of $57.88 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. 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 company has a fifty day moving average of $66.66 and a 200-day moving average of $72.27.

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

Carrier Global Company 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.