Axxcess Wealth Management LLC Has $509,000 Stake in Carrier Global Co. (NYSE:CARR)

Axxcess Wealth Management LLC cut its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,454 shares of the company's stock after selling 4,609 shares during the quarter. Axxcess Wealth Management LLC's holdings in Carrier Global were worth $509,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. raised its stake in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. FSA Wealth Management LLC bought a new position in shares of Carrier Global in the third quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter worth $31,000. Roxbury Financial LLC bought a new stake in shares of Carrier Global during the 4th quarter worth $49,000. Finally, Centricity Wealth Management LLC acquired a new position in Carrier Global in the 4th quarter valued at $49,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CARR. Wells Fargo & Company decreased their price target on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Barclays lowered their target price on Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a report on Monday, February 24th. Finally, Citigroup lowered their price objective on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Five equities research 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 stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.53.

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Carrier Global Price Performance

Shares of CARR traded up $0.11 during mid-day trading on Tuesday, reaching $68.07. The company had a trading volume of 4,015,987 shares, compared to its average volume of 4,262,797. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market capitalization of $58.81 billion, a P/E ratio of 10.84, 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's 50-day moving average is $66.33 and its 200-day moving average is $71.94.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company earned $0.53 earnings per share. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Company 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.