Davis R M Inc. Has $207,000 Holdings in Carrier Global Co. (NYSE:CARR)

Davis R M Inc. increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 19.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,037 shares of the company’s stock after purchasing an additional 495 shares during the period. Davis R M Inc.’s holdings in Carrier Global were worth $207,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in shares of Carrier Global during the 3rd quarter worth about $28,000. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% during the 4th 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 last quarter. Coastline Trust Co acquired a new position in shares of Carrier Global during the 3rd quarter worth about $37,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth about $31,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Carrier Global during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CARR shares. Barclays cut their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Northcoast Research initiated coverage on Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating for the company. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and upped their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Finally, Wolfe Research raised 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. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Stock Down 0.3 %

NYSE CARR opened at $65.47 on Thursday. The firm has a market cap of $56.56 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The stock’s 50 day simple moving average is $66.55 and its 200 day simple moving average is $72.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

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 return on equity of 18.82% and a net margin of 23.83%. During the same quarter last year, the firm posted $0.53 EPS. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal 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.