Segall Bryant & Hamill LLC Cuts Stock Holdings in Carrier Global Co. (NYSE:CARR)

Segall Bryant & Hamill LLC reduced its stake in Carrier Global Co. (NYSE:CARR) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 241,805 shares of the company’s stock after selling 5,426 shares during the period. Segall Bryant & Hamill LLC’s holdings in Carrier Global were worth $16,506,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CARR. FSA Wealth Management LLC bought a new position in shares of Carrier Global during the 3rd quarter valued at approximately $28,000. BOK Financial Private Wealth Inc. raised its stake in Carrier Global by 80.0% during the fourth 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. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global during the fourth quarter valued at $31,000. Centricity Wealth Management LLC bought a new position in Carrier Global during the fourth quarter valued at $49,000. Finally, Roxbury Financial LLC purchased a new position in shares of Carrier Global in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Carrier Global stock opened at $68.07 on Wednesday. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The stock has a market cap 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. The firm has a 50-day moving average of $66.33 and a two-hundred day moving average of $71.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping 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 previous year, the business posted $0.53 earnings per share. On average, research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on CARR. Royal Bank of Canada lowered their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Barclays cut their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report 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 stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $82.53.

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.