Dorsey & Whitney Trust CO LLC Has $657,000 Holdings in Carrier Global Co. (NYSE:CARR)

Dorsey & Whitney Trust CO LLC lifted its stake in Carrier Global Co. (NYSE:CARR) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,629 shares of the company’s stock after buying an additional 292 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Carrier Global were worth $657,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CARR. FSA Wealth Management LLC acquired a new stake in Carrier Global during the 3rd quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter valued at $31,000. Coastline Trust Co acquired a new stake in Carrier Global during the 3rd quarter valued at $37,000. Capital Performance Advisors LLP acquired a new stake in Carrier Global during the 3rd quarter valued at $44,000. Finally, Roxbury Financial LLC acquired a new stake in Carrier Global during the 4th quarter valued at $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Up 3.0 %

NYSE:CARR opened at $67.36 on Monday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $58.20 billion, a P/E ratio of 10.73, a P/E/G ratio of 2.01 and a beta of 1.35. The stock’s fifty day simple moving average is $66.68 and its 200-day simple moving average is $72.28.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the company posted $0.53 EPS. Equities research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CARR. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and raised their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Friday, February 14th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a report on Monday, February 24th. The Goldman Sachs Group started coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Finally, Citigroup decreased their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Company 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.