CFO4Life Group LLC Sells 360 Shares of Carrier Global Co. (NYSE:CARR)

CFO4Life Group LLC lessened its holdings in Carrier Global Co. (NYSE:CARR) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,111 shares of the company’s stock after selling 360 shares during the quarter. CFO4Life Group LLC’s holdings in Carrier Global were worth $554,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CARR. Meridian Wealth Management LLC raised its position in shares of Carrier Global by 2.3% in the 3rd quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock valued at $485,000 after acquiring an additional 137 shares during the period. UMB Bank n.a. raised its position in shares of Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after acquiring an additional 143 shares during the period. Chicago Partners Investment Group LLC raised its position in shares of Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock valued at $403,000 after acquiring an additional 147 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of Carrier Global by 1.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company’s stock valued at $759,000 after acquiring an additional 150 shares during the period. Finally, Ingalls & Snyder LLC raised its position in shares of Carrier Global by 1.2% in the 3rd quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock valued at $991,000 after acquiring an additional 150 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE CARR opened at $65.47 on Thursday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a market capitalization 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. The firm’s 50 day moving average is $66.55 and its 200-day moving average is $72.18.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 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 fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CARR. Royal Bank of Canada cut their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Northcoast Research started coverage on shares of Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Barclays dropped their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Wednesday, November 13th. Finally, Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Five 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 data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.53.

About Carrier Global

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.