RWA Wealth Partners LLC Sells 2,447 Shares of Carrier Global Co. (NYSE:CARR)

RWA Wealth Partners LLC lowered its position in Carrier Global Co. (NYSE:CARR) by 32.4% during the 4th quarter, Holdings Channel reports. The firm owned 5,105 shares of the company’s stock after selling 2,447 shares during the quarter. RWA Wealth Partners LLC’s holdings in Carrier Global were worth $348,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. grew its position in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the fourth quarter worth about $31,000. Centricity Wealth Management LLC bought a new position in Carrier Global during the 4th quarter worth about $49,000. Roxbury Financial LLC purchased a new position in Carrier Global during the 4th quarter valued at about $49,000. Finally, Flagship Wealth Advisors LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $54,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent research reports. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Friday, February 14th. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Wells Fargo & Company cut their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Barclays dropped their price objective on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.27.

Carrier Global Stock Up 0.0 %

NYSE:CARR opened at $63.40 on Wednesday. The company’s 50 day moving average is $65.81 and its two-hundred day moving average is $71.62. The company has a market cap of $54.78 billion, a PE ratio of 10.10, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the prior year, the business posted $0.53 EPS. Analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

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.