Essential Planning LLC. Purchases Shares of 10,465 Carrier Global Co. (NYSE:CARR)

Essential Planning LLC. purchased a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,465 shares of the company's stock, valued at approximately $790,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CARR. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global during the 3rd quarter valued at about $28,000. BOK Financial Private Wealth Inc. boosted its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares during the period. Coastline Trust Co bought a new position in Carrier Global in the 3rd quarter worth $37,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the 4th quarter worth $31,000. Finally, Ashton Thomas Securities LLC bought a new stake in Carrier Global during the third quarter valued at about $50,000. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

CARR has been the subject of several research analyst reports. Citigroup cut their target price on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. raised shares of 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. Barclays decreased their price target on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Northcoast Research began coverage on Carrier Global in a research report on Friday, November 22nd. They issued a "neutral" rating on the stock. Finally, The Goldman Sachs Group started coverage on Carrier Global in a research note on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective on the stock. Five research 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.53.

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Carrier Global Trading Up 1.6 %

CARR stock traded up $1.09 during midday trading on Monday, reaching $67.62. The company's stock had a trading volume of 3,886,340 shares, compared to its average volume of 4,249,145. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The firm has a market capitalization of $58.42 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 2.01 and a beta of 1.35. The stock has a fifty day simple moving average of $66.42 and a two-hundred day simple moving average of $72.10. 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 (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the prior year, the business posted $0.53 EPS. On average, equities research analysts predict 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.