HighTower Advisors LLC Sells 37,954 Shares of Carrier Global Co. (NYSE:CARR)

HighTower Advisors LLC decreased its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,120,308 shares of the company's stock after selling 37,954 shares during the quarter. HighTower Advisors LLC owned about 0.12% of Carrier Global worth $76,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Meridian Wealth Management LLC increased its holdings in shares of Carrier Global by 2.3% during the third quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company's stock valued at $485,000 after acquiring an additional 137 shares in the last quarter. UMB Bank n.a. grew its stake in Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock valued at $907,000 after purchasing an additional 143 shares during the period. Chicago Partners Investment Group LLC lifted its position in shares of Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after buying an additional 147 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of Carrier Global by 1.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company's stock valued at $759,000 after buying an additional 150 shares during the last quarter. Finally, Ingalls & Snyder LLC lifted its position in shares of Carrier Global by 1.2% during the 3rd quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company's stock valued at $991,000 after buying an additional 150 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Monday, February 24th. Wells Fargo & Company lowered 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. Northcoast Research initiated coverage on Carrier Global in a research report on Friday, November 22nd. They set a "neutral" rating on the stock. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective on the stock in a research report on Friday, February 14th. Finally, Citigroup reduced their price target on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Five investment 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $82.53.

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Carrier Global Trading Down 0.3 %

CARR opened at $65.47 on Thursday. The stock has a market cap of $56.56 billion, a PE ratio of 10.42, a PEG ratio of 2.01 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The business has a 50 day moving average of $66.55 and a 200-day moving average of $72.18. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 previous year, the business earned $0.53 earnings per share. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal 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.

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