Cascade Financial Partners LLC Has $225,000 Stake in Carrier Global Co. (NYSE:CARR)

Cascade Financial Partners LLC raised its holdings in Carrier Global Co. (NYSE:CARR) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,297 shares of the company’s stock after purchasing an additional 200 shares during the period. Cascade Financial Partners LLC’s holdings in Carrier Global were worth $225,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CARR. FSA Wealth Management LLC acquired a new stake in Carrier Global during the third quarter worth approximately $28,000. BOK Financial Private Wealth Inc. lifted its position 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 valued at $25,000 after acquiring an additional 160 shares during the period. Coastline Trust Co bought a new stake in shares of Carrier Global during the 3rd quarter valued at $37,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth $31,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Carrier Global in the third quarter worth $50,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

Carrier Global stock opened at $65.47 on Thursday. The firm has a market cap of $56.56 billion, a P/E ratio of 10.42, a P/E/G ratio of 2.01 and a beta of 1.35. The stock’s 50 day moving average is $66.55 and its 200 day moving average is $72.18. 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 Co. has a one year low of $53.33 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $0.53 EPS. As a group, research analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CARR. Northcoast Research assumed coverage on shares of Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Citigroup decreased their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada decreased their price target 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 research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.53.

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.