Cascade Financial Partners LLC Purchases 200 Shares of Carrier Global Co. (NYSE:CARR)

Cascade Financial Partners LLC lifted its position in shares of Carrier Global Co. (NYSE:CARR) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,297 shares of the company’s stock after buying 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.

A number of other hedge funds have also modified their holdings of CARR. FSA Wealth Management LLC acquired a new position in Carrier Global during the 3rd quarter worth approximately $28,000. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Coastline Trust Co acquired a new position in Carrier Global during the third quarter worth $37,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the fourth quarter valued at $31,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Carrier Global in the 3rd quarter valued at $50,000. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

NYSE CARR opened at $65.47 on Thursday. The stock has a market cap of $56.56 billion, a PE ratio of 10.42, 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 quick ratio of 0.96 and a current ratio of 1.25. The firm has a 50-day moving average of $66.55 and a 200-day moving average of $72.18. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last issued 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 quarter in the prior year, the firm earned $0.53 earnings per share. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and increased their price target for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Royal Bank of Canada lowered their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Finally, Northcoast Research began coverage on shares of Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

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.