EverSource Wealth Advisors LLC Boosts Stock Position in Carrier Global Co. (NYSE:CARR)

EverSource Wealth Advisors LLC increased its stake in Carrier Global Co. (NYSE:CARR) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,931 shares of the company’s stock after purchasing an additional 725 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Carrier Global were worth $405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealthfront Advisers LLC boosted its stake in Carrier Global by 5,840.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock worth $341,300,000 after purchasing an additional 4,915,826 shares during the period. FMR LLC boosted its position in shares of Carrier Global by 36.2% in the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after acquiring an additional 2,320,909 shares during the period. Zurich Insurance Group Ltd FI purchased a new position in Carrier Global during the third quarter valued at approximately $130,479,000. Raymond James Financial Inc. bought a new stake in Carrier Global during the 4th quarter worth approximately $108,433,000. Finally, Mizuho Securities USA LLC lifted its stake in Carrier Global by 1,428.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after purchasing an additional 922,892 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Monday, February 24th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Barclays cut their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. 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. Finally, Citigroup cut their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Five investment 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Up 3.9 %

Shares of CARR opened at $66.77 on Friday. The firm has a fifty day simple moving average of $66.42 and a two-hundred day simple moving average of $72.09. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a market capitalization of $57.68 billion, a P/E ratio of 10.63, a PEG ratio of 2.01 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter last year, the company earned $0.53 earnings per share. On average, research analysts anticipate that Carrier Global Co. will post 2.99 EPS 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.