8,887 Shares in Carrier Global Co. (NYSE:CARR) Acquired by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC purchased a new position in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,887 shares of the company's stock, valued at approximately $607,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BOK Financial Private Wealth Inc. raised its holdings in 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. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global during the fourth quarter worth about $31,000. Meeder Asset Management Inc. grew its stake in Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after acquiring an additional 340 shares during the period. Centricity Wealth Management LLC bought a new stake in shares of Carrier Global in the fourth quarter worth about $49,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth about $49,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

NYSE CARR traded down $3.66 during trading on Friday, reaching $57.06. 6,933,810 shares of the company's stock were exchanged, compared to its average volume of 4,442,539. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The stock has a market capitalization of $49.30 billion, a P/E ratio of 9.09, a PEG ratio of 2.01 and a beta of 1.33. The business has a 50 day moving average price of $65.27 and a 200-day moving average price of $71.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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. Sell-side analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on CARR shares. Barclays dropped their target price on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. The Goldman Sachs Group began coverage on Carrier Global in a research report on Thursday, December 12th. They set a "buy" rating and a $96.00 price objective for the company. Wells Fargo & Company dropped their target price on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reduced their price target on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $82.27.

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.