Carrier Global Co. (NYSE:CARR) Holdings Trimmed by FineMark National Bank & Trust

FineMark National Bank & Trust lowered its holdings in Carrier Global Co. (NYSE:CARR) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,014 shares of the company’s stock after selling 1,090 shares during the period. FineMark National Bank & Trust’s holdings in Carrier Global were worth $1,844,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. increased 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 valued at $25,000 after buying an additional 160 shares during the period. FSA Wealth Management LLC purchased a new position in shares of Carrier Global during the 3rd quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global in the fourth quarter worth $31,000. Roxbury Financial LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in Carrier Global during the fourth quarter valued at $49,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Up 0.2 %

CARR stock opened at $68.07 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a 50-day moving average of $66.33 and a two-hundred day moving average of $71.94. The stock has a market capitalization of $58.81 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 last year, the company posted $0.53 EPS. As a group, equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CARR shares. Wells Fargo & Company cut their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. 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. Barclays dropped their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.