SouthState Corp Decreases Holdings in Carrier Global Co. (NYSE:CARR)

SouthState Corp reduced its position in Carrier Global Co. (NYSE:CARR) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,696 shares of the company’s stock after selling 248 shares during the period. SouthState Corp’s holdings in Carrier Global were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Carrier Global in the third quarter worth about $28,000. BOK Financial Private Wealth Inc. lifted its stake in shares of 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 purchasing an additional 160 shares during the period. Coastline Trust Co purchased a new position in shares of Carrier Global in the third quarter worth approximately $37,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global during the fourth quarter valued at approximately $31,000. Finally, Centricity Wealth Management LLC bought a new position in Carrier Global in the fourth quarter worth approximately $49,000. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the subject of a number of recent research reports. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Citigroup lowered 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. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. Finally, Barclays dropped their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Five 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 company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Up 1.6 %

Shares of CARR stock opened at $67.62 on Tuesday. The stock’s 50-day moving average price is $66.39 and its 200-day moving average price is $72.07. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The stock has a market capitalization of $58.42 billion, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. 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 (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 return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the previous year, the business posted $0.53 EPS. Equities research analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

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.