HighTower Advisors LLC Sells 37,954 Shares of Carrier Global Co. (NYSE:CARR)

HighTower Advisors LLC decreased its holdings in Carrier Global Co. (NYSE:CARR) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,120,308 shares of the company’s stock after selling 37,954 shares during the period. HighTower Advisors LLC’s holdings in Carrier Global were worth $76,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CARR. CWA Asset Management Group LLC purchased a new stake in Carrier Global during the third quarter valued at $272,000. Sigma Planning Corp increased its position in Carrier Global by 4.5% in the third quarter. Sigma Planning Corp now owns 12,729 shares of the company’s stock worth $1,025,000 after buying an additional 549 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Carrier Global in the third quarter worth about $50,000. Wolverine Asset Management LLC bought a new position in shares of Carrier Global in the third quarter worth about $1,368,000. Finally, Versor Investments LP bought a new position in shares of Carrier Global in the third quarter worth about $338,000. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CARR shares. Royal Bank of Canada dropped their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Northcoast Research began coverage on Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating for the company. The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Wednesday, November 13th. Finally, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Down 0.3 %

Shares of NYSE CARR opened at $65.47 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The business’s 50 day moving average price is $66.55 and its 200-day moving average price is $72.18. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The company has a market cap of $56.56 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued its quarterly 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 prior year, the business earned $0.53 EPS. On average, sell-side 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.