Evoke Wealth LLC Sells 5,212 Shares of Carrier Global Co. (NYSE:CARR)

Evoke Wealth LLC cut its position in Carrier Global Co. (NYSE:CARR) by 5.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 90,089 shares of the company’s stock after selling 5,212 shares during the quarter. Evoke Wealth LLC’s holdings in Carrier Global were worth $6,170,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CARR. BOK Financial Private Wealth Inc. raised its stake in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Carrier Global during the third quarter worth $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the fourth quarter worth $31,000. Coastline Trust Co purchased a new stake in shares of Carrier Global during the 3rd quarter valued at $37,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Carrier Global in the 4th quarter worth $49,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CARR shares. Citigroup decreased their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company cut their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada lowered their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Finally, The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Trading Up 1.6 %

Carrier Global stock opened at $67.62 on Tuesday. 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 firm has a market cap of $58.42 billion, a PE ratio of 10.77, a P/E/G ratio of 2.01 and a beta of 1.35. The stock’s 50 day simple moving average is $66.39 and its two-hundred day simple moving average is $72.07. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter last year, the firm earned $0.53 EPS. Analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

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.