Carrier Global Co. (NYSE:CARR) Shares Sold by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lowered its stake in Carrier Global Co. (NYSE:CARR) by 10.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,973 shares of the company’s stock after selling 446 shares during the period. Sage Mountain Advisors LLC’s holdings in Carrier Global were worth $271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in Carrier Global in the 3rd quarter valued at about $28,000. BOK Financial Private Wealth Inc. raised its position in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. Coastline Trust Co acquired a new stake in Carrier Global in the 3rd quarter valued at about $37,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global in the 4th quarter valued at about $31,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Carrier Global in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CARR shares. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and increased their price target for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Barclays cut their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada cut their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Citigroup cut their target price 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. Finally, Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Down 0.3 %

NYSE:CARR opened at $65.47 on Thursday. The stock’s 50 day moving average price is $66.55 and its 200 day moving average price is $72.18. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The company has a market capitalization of $56.56 billion, a PE ratio of 10.42, a P/E/G 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.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $0.53 EPS. On average, research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current 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.