Sound View Wealth Advisors Group LLC Has $791,000 Stock Position in Carrier Global Co. (NYSE:CARR)

Sound View Wealth Advisors Group LLC lifted its position in Carrier Global Co. (NYSE:CARR) by 7.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,583 shares of the company’s stock after purchasing an additional 850 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Carrier Global were worth $791,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC grew its stake in Carrier Global by 36.2% in the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after acquiring an additional 2,320,909 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of Carrier Global during the 3rd quarter valued at about $130,479,000. Raymond James Financial Inc. acquired a new position in shares of Carrier Global in the 4th quarter valued at approximately $108,433,000. Mizuho Securities USA LLC increased its stake in Carrier Global by 1,428.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after purchasing an additional 922,892 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Carrier Global during the 4th quarter worth approximately $43,589,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 3.0 %

Shares of Carrier Global stock opened at $67.36 on Monday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month 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 business’s 50 day moving average is $66.68 and its 200-day moving average is $72.28. The stock 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 quarterly 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 period in the previous year, the company earned $0.53 earnings per share. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CARR. Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, November 13th. The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Northcoast Research assumed coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

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.