RFG Bristol Wealth Advisors LLC Invests $607,000 in Carrier Global Co. (NYSE:CARR)

RFG Bristol Wealth Advisors LLC acquired a new stake in shares of Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,887 shares of the company’s stock, valued at approximately $607,000.

Several other institutional investors have also bought and sold shares of CARR. BOK Financial Private Wealth Inc. boosted its stake in 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 purchasing an additional 160 shares in the last quarter. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at $31,000. Meeder Asset Management Inc. boosted its stake in Carrier Global by 236.1% during the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after buying an additional 340 shares in the last quarter. Roxbury Financial LLC acquired a new position in Carrier Global during the fourth quarter worth about $49,000. Finally, Centricity Wealth Management LLC bought a new stake in Carrier Global in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE CARR opened at $63.40 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 firm has a market capitalization of $54.78 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a 50 day simple moving average of $65.81 and a 200-day simple moving average of $71.62. 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, 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 period in the prior year, the business posted $0.53 earnings per share. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CARR. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Wolfe Research raised 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. Finally, Barclays cut their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $82.27.

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.