Capital Management Corp VA Lowers Stock Holdings in Carrier Global Co. (NYSE:CARR)

Capital Management Corp VA reduced its stake in Carrier Global Co. (NYSE:CARR) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,909 shares of the company’s stock after selling 14,940 shares during the quarter. Capital Management Corp VA’s holdings in Carrier Global were worth $5,932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CARR. FSA Wealth Management LLC bought a new stake in Carrier Global in the third quarter worth $28,000. Coastline Trust Co bought a new position in shares of Carrier Global during the third quarter valued at $37,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Carrier Global in the 4th quarter worth about $31,000. Capital Performance Advisors LLP bought a new position in Carrier Global in the 3rd quarter worth about $44,000. Finally, Ashton Thomas Securities LLC purchased a new stake in Carrier Global during the 3rd quarter valued at about $50,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and raised their price target for the company from $77.00 to $78.00 in a research report on Wednesday. UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Wednesday, November 13th. Barclays reduced their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company decreased their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. 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 company. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Up 3.0 %

Carrier Global stock opened at $67.36 on Friday. The business has a 50-day simple moving average of $66.68 and a two-hundred day simple moving average of $72.24. 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 company has a market cap 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.

Carrier Global (NYSE:CARR) last announced its earnings results 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the previous year, the company earned $0.53 earnings per share. Analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

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.