Ausdal Financial Partners Inc. Raises Holdings in Carrier Global Co. (NYSE:CARR)

Ausdal Financial Partners Inc. boosted its position in Carrier Global Co. (NYSE:CARR) by 69.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,280 shares of the company’s stock after acquiring an additional 1,750 shares during the quarter. Ausdal Financial Partners Inc.’s holdings in Carrier Global were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Carrier Global during the 3rd quarter valued at $590,000. FMR LLC raised its position 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 purchasing an additional 2,320,909 shares during the period. Townsquare Capital LLC lifted its stake in shares of Carrier Global by 67.9% during the third quarter. Townsquare Capital LLC now owns 16,337 shares of the company’s stock worth $1,315,000 after purchasing an additional 6,608 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Carrier Global by 1.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,993,169 shares of the company’s stock worth $482,390,000 after buying an additional 110,988 shares during the period. Finally, Public Sector Pension Investment Board grew its stake in shares of Carrier Global by 12.3% in the third quarter. Public Sector Pension Investment Board now owns 40,285 shares of the company’s stock valued at $3,243,000 after buying an additional 4,400 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CARR. Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada reduced their target price 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. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Friday, February 14th. Barclays cut their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and raised their target price for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $82.27.

Carrier Global Stock Down 3.6 %

CARR stock opened at $63.28 on Friday. The firm has a market cap of $54.67 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The firm has a fifty day moving average price of $66.08 and a two-hundred day moving average price of $71.81. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 earnings per share. Research analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

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.