TD Private Client Wealth LLC Raises Stock Position in Carrier Global Co. (NYSE:CARR)

TD Private Client Wealth LLC raised its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 57.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,554 shares of the company's stock after purchasing an additional 4,958 shares during the quarter. TD Private Client Wealth LLC's holdings in Carrier Global were worth $925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. boosted its stake in Carrier Global by 80.0% in the 4th 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. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global in the third quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth about $31,000. Roxbury Financial LLC purchased a new position in Carrier Global during the fourth quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC purchased a new position in Carrier Global during the fourth quarter valued at approximately $49,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Price Performance

Shares of NYSE:CARR traded down $0.08 during midday trading on Tuesday, reaching $67.89. 1,178,305 shares of the company were exchanged, compared to its average volume of 4,259,596. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock has a market cap of $58.65 billion, a PE ratio of 10.82, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The business's fifty day moving average is $66.33 and its two-hundred day moving average is $71.95. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

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Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 last year, the business earned $0.53 earnings per share. As a group, analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on CARR. JPMorgan Chase & Co. raised shares of Carrier Global from a "neutral" rating to an "overweight" rating and raised their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Barclays dropped their price objective on Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a research note 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 on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company dropped their price target on 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. Finally, The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective on the stock. Five investment 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 company. According to MarketBeat, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $82.53.

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.