Sequoia Financial Advisors LLC Buys 2,188 Shares of Carrier Global Co. (NYSE:CARR)

Sequoia Financial Advisors LLC boosted its stake in Carrier Global Co. (NYSE:CARR) by 14.9% in the fourth quarter, HoldingsChannel reports. The firm owned 16,885 shares of the company’s stock after acquiring an additional 2,188 shares during the period. Sequoia Financial Advisors LLC’s holdings in Carrier Global were worth $1,153,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Versor Investments LP bought a new stake in shares of Carrier Global in the 3rd quarter valued at about $338,000. Harbour Investments Inc. increased its stake in Carrier Global by 8.5% in the third quarter. Harbour Investments Inc. now owns 7,042 shares of the company’s stock valued at $567,000 after purchasing an additional 553 shares in the last quarter. Empower Advisory Group LLC acquired a new stake in Carrier Global in the third quarter worth $224,000. Oppenheimer Asset Management Inc. bought a new position in shares of Carrier Global during the third quarter worth $200,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Carrier Global in the 3rd quarter valued at $230,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 3.9 %

Shares of Carrier Global stock opened at $66.77 on Friday. 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 $66.42 and its 200-day moving average is $72.09. The stock 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.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 prior year, the firm posted $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 brokerages recently commented on CARR. Northcoast Research initiated coverage on Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. 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 report on Friday, February 14th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Monday, February 24th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price 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.