Horizon Investments LLC Has $1.02 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Horizon Investments LLC lessened its holdings in shares of Carrier Global Co. (NYSE:CARR) by 39.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,941 shares of the company’s stock after selling 9,868 shares during the quarter. Horizon Investments LLC’s holdings in Carrier Global were worth $1,020,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. Meridian Wealth Management LLC raised its position in shares of Carrier Global by 2.3% during the third quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock worth $485,000 after purchasing an additional 137 shares during the period. UMB Bank n.a. lifted its stake in Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after buying an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in Carrier Global by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock valued at $403,000 after buying an additional 147 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Carrier Global by 1.6% in the third quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company’s stock valued at $759,000 after buying an additional 150 shares during the period. Finally, Ingalls & Snyder LLC increased its position in shares of Carrier Global by 1.2% during the third quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock worth $991,000 after acquiring an additional 150 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup reduced their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Mizuho upgraded 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. 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 target for the company. Finally, 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 research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Up 0.6 %

Carrier Global stock opened at $67.72 on Thursday. The stock has a 50-day simple moving average of $66.36 and a 200 day simple moving average of $72.01. The stock has a market capitalization of $58.51 billion, a P/E ratio of 10.78, a PEG 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 Co. has a 52 week low of $53.33 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR) 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. Analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global 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.