Lowe Brockenbrough & Co. Inc. Trims Stake in Carrier Global Co. (NYSE:CARR)

Lowe Brockenbrough & Co. Inc. lowered its position in Carrier Global Co. (NYSE:CARR) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,973 shares of the company’s stock after selling 400 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Carrier Global were worth $341,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. increased its stake in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares during the period. FSA Wealth Management LLC purchased a new position in Carrier Global during the 3rd quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global during the 4th quarter valued at about $31,000. Roxbury Financial LLC purchased a new position in Carrier Global during the 4th quarter valued at about $49,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR opened at $66.15 on Friday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $57.15 billion, a PE ratio of 10.53, a P/E/G ratio of 2.01 and a beta of 1.35. The firm has a 50 day moving average of $66.32 and a two-hundred day moving average of $71.92.

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 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 firm posted $0.53 earnings per share. On average, analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CARR. Royal Bank of Canada lowered their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. The Goldman Sachs Group began coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Northcoast Research began coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating on the stock. Barclays lowered their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of 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. Five research 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 presently has an average rating of “Moderate Buy” and a consensus price target 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.