Sound View Wealth Advisors Group LLC Purchases 850 Shares of Carrier Global Co. (NYSE:CARR)

Sound View Wealth Advisors Group LLC increased its position in shares of Carrier Global Co. (NYSE:CARR) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,583 shares of the company’s stock after buying an additional 850 shares during the period. Sound View Wealth Advisors Group LLC’s holdings in Carrier Global were worth $791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARR. BOK Financial Private Wealth Inc. increased its position 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 acquired a new stake in shares of Carrier Global in the third quarter worth $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global during the fourth quarter worth $31,000. Coastline Trust Co acquired a new position in Carrier Global during the 3rd quarter valued at $37,000. Finally, Capital Performance Advisors LLP bought a new stake in Carrier Global in the 3rd quarter valued at $44,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARR has been the topic of several research reports. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock 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. Barclays decreased their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Citigroup cut their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada decreased 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 note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Stock Performance

NYSE:CARR opened at $67.36 on Monday. The firm has a 50 day moving average of $66.68 and a 200-day moving average of $72.28. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The stock has a market capitalization of $58.20 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, sell-side 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.