Carrier Global Co. (NYSE:CARR) Stock Holdings Lifted by Parallel Advisors LLC

Parallel Advisors LLC lifted its holdings in Carrier Global Co. (NYSE:CARR) by 0.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,050 shares of the company’s stock after purchasing an additional 183 shares during the period. Parallel Advisors LLC’s holdings in Carrier Global were worth $1,369,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new stake in Carrier Global in the 3rd quarter valued at about $200,000. Natixis Advisors LLC lifted its position in Carrier Global by 25.6% in the 3rd quarter. Natixis Advisors LLC now owns 280,146 shares of the company’s stock valued at $22,549,000 after purchasing an additional 57,042 shares during the last quarter. Quest Partners LLC bought a new stake in Carrier Global in the 3rd quarter valued at about $373,000. GLOBALT Investments LLC GA lifted its position in Carrier Global by 16.3% in the 3rd quarter. GLOBALT Investments LLC GA now owns 16,746 shares of the company’s stock valued at $1,348,000 after purchasing an additional 2,351 shares during the last quarter. Finally, Drive Wealth Management LLC bought a new stake in Carrier Global in the 3rd quarter valued at about $215,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CARR. Wells Fargo & Company cut their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Northcoast Research began coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Citigroup cut 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 report on Monday, January 13th. Royal Bank of Canada dropped their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Finally, Barclays dropped their price target 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 equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Stock Performance

Shares of CARR opened at $67.25 on Wednesday. The firm’s 50 day moving average is $66.38 and its 200-day moving average is $72.04. The stock has a market capitalization of $58.10 billion, a P/E ratio of 10.71, a P/E/G ratio of 2.01 and a beta of 1.35. 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 12-month low of $53.33 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company posted $0.53 EPS. Equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

About Carrier Global

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.