GWN Securities Inc. Invests $636,000 in Carrier Global Co. (NYSE:CARR)

GWN Securities Inc. bought a new position in shares of Carrier Global Co. (NYSE:CARR) during the 4th quarter, Holdings Channel reports. The firm bought 9,071 shares of the company’s stock, valued at approximately $636,000.

Several other large investors also recently made changes to their positions in the business. BOK Financial Private Wealth Inc. boosted 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 valued at $25,000 after acquiring an additional 160 shares during the last quarter. FSA Wealth Management LLC bought a new position in Carrier Global in the third quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the fourth quarter valued at about $31,000. Coastline Trust Co bought a new position in Carrier Global in the third quarter valued at about $37,000. Finally, Roxbury Financial LLC bought a new position in Carrier Global in the fourth quarter valued at about $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 3.9 %

Shares of Carrier Global stock opened at $66.77 on Monday. The business’s 50 day simple moving average is $66.42 and its 200 day simple moving average is $72.10. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The firm has a market cap of $57.68 billion, a PE ratio of 10.63, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results 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 period in the prior year, the business earned $0.53 earnings per share. On average, analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CARR. Citigroup decreased their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and increased their target price for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Friday, February 14th. 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 note on Monday, February 24th. Finally, 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 note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

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.