4,491 Shares in Carrier Global Co. (NYSE:CARR) Bought by Financial Engines Advisors L.L.C.

Financial Engines Advisors L.L.C. bought a new stake in Carrier Global Co. (NYSE:CARR) during the 4th quarter, Holdings Channel.com reports. The fund bought 4,491 shares of the company’s stock, valued at approximately $307,000.

A number of other large investors have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. lifted its holdings 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 valued at $25,000 after purchasing an additional 160 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Carrier Global during the 3rd quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global during the 4th quarter valued at about $31,000. Roxbury Financial LLC purchased a new stake in Carrier Global in the fourth quarter valued at about $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in Carrier Global in the fourth quarter worth about $49,000. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CARR has been the topic of several recent analyst reports. Royal Bank of Canada cut their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of 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 research note on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday, February 14th. Finally, Citigroup reduced their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $82.27.

Carrier Global Stock Performance

CARR opened at $65.67 on Friday. The stock has a market cap of $56.74 billion, a P/E ratio of 10.46, 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 firm has a fifty day moving average price of $66.21 and a 200 day moving average price of $71.86. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 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 period in the previous year, the firm earned $0.53 earnings per share. Equities research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share 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.