Ironwood Investment Counsel LLC Sells 409 Shares of Carrier Global Co. (NYSE:CARR)

Ironwood Investment Counsel LLC lowered its holdings in Carrier Global Co. (NYSE:CARR) by 8.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,631 shares of the company’s stock after selling 409 shares during the period. Ironwood Investment Counsel LLC’s holdings in Carrier Global were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CARR. Versor Investments LP purchased a new stake in Carrier Global in the 3rd quarter worth approximately $338,000. Harbour Investments Inc. lifted its holdings in Carrier Global by 8.5% in the 3rd quarter. Harbour Investments Inc. now owns 7,042 shares of the company’s stock worth $567,000 after buying an additional 553 shares during the period. Aptus Capital Advisors LLC lifted its holdings in Carrier Global by 39.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 9,324 shares of the company’s stock worth $750,000 after buying an additional 2,633 shares during the period. Empower Advisory Group LLC purchased a new stake in Carrier Global in the 3rd quarter worth approximately $224,000. Finally, Haverford Trust Co lifted its stake in shares of Carrier Global by 2.6% in the 3rd quarter. Haverford Trust Co now owns 8,247 shares of the company’s stock valued at $664,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 3.9 %

NYSE:CARR opened at $66.77 on Friday. The firm has a market cap of $57.68 billion, a P/E ratio of 10.63, 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 quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The firm has a 50-day simple moving average of $66.42 and a two-hundred day simple moving average of $72.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (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 prior year, the firm posted $0.53 EPS. Analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CARR. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Wolfe Research raised 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 research report on Monday, February 24th. Royal Bank of Canada decreased their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. Finally, Northcoast Research initiated coverage on shares of Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.