GWN Securities Inc. Acquires Shares of 9,071 Carrier Global Co. (NYSE:CARR)

GWN Securities Inc. acquired a new stake in Carrier Global Co. (NYSE:CARR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 9,071 shares of the company's stock, valued at approximately $636,000.

A number of other institutional investors have also made changes to their positions in CARR. Oppenheimer Asset Management Inc. acquired a new position in Carrier Global during the third quarter valued at approximately $200,000. ING Groep NV bought a new stake in shares of Carrier Global during the 3rd quarter worth approximately $1,190,000. CIBC Asset Management Inc boosted its holdings in shares of Carrier Global by 8.4% in the 3rd quarter. CIBC Asset Management Inc now owns 124,110 shares of the company's stock valued at $9,990,000 after buying an additional 9,627 shares during the last quarter. Coastline Trust Co acquired a new position in Carrier Global during the third quarter worth $37,000. Finally, Natixis Advisors LLC raised its position in Carrier Global by 25.6% during the third quarter. Natixis Advisors LLC now owns 280,146 shares of the company's stock worth $22,549,000 after acquiring an additional 57,042 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of CARR traded down $1.31 during mid-day trading on Thursday, hitting $66.37. 4,354,609 shares of the company's stock were exchanged, compared to its average volume of 5,772,238. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The stock's 50-day simple moving average is $66.36 and its 200-day simple moving average is $72.01. The firm has a market cap of $57.34 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

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Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 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 last year, the firm posted $0.53 EPS. On average, equities research analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised Carrier Global from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. The Goldman Sachs Group began coverage on Carrier Global in a research report on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective for the company. Northcoast Research started coverage on Carrier Global in a report on Friday, November 22nd. They set a "neutral" rating on the stock. Finally, Wolfe Research raised 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. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $82.53.

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.