Somerville Kurt F Increases Position in Carrier Global Co. (NYSE:CARR)

by · The Cerbat Gem

Somerville Kurt F boosted its holdings in shares of Carrier Global Co. (NYSE:CARR – Free Report) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 147,645 shares of the company’s stock after purchasing an additional 16,363 shares during the period. Carrier Global makes up approximately 1.7% of Somerville Kurt F’s holdings, making the stock its 25th largest holding. Somerville Kurt F’s holdings in Carrier Global were worth $10,078,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. raised its stake 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 buying an additional 160 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global during the fourth quarter worth $31,000. Meeder Asset Management Inc. lifted its holdings in Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after purchasing an additional 340 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $49,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth about $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

CARR stock opened at $60.69 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 quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock has a market cap of $52.44 billion, a price-to-earnings ratio of 9.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The business has a fifty day moving average of $65.53 and a two-hundred day moving average of $71.50.

Carrier Global (NYSE:CARR – Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (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 in the prior year, the business posted $0.53 earnings per share. As a group, research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Wells Fargo & Company dropped their price target 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. Citigroup decreased their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Royal Bank of Canada reduced their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.27.

View Our Latest Research Report on Carrier Global

Carrier Global Profile

(Free Report)

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.

See Also

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