Avantax Planning Partners Inc. Purchases 454 Shares of Carrier Global Co. (NYSE:CARR)

Avantax Planning Partners Inc. lifted its position in Carrier Global Co. (NYSE:CARR) by 15.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,381 shares of the company’s stock after acquiring an additional 454 shares during the period. Avantax Planning Partners Inc.’s holdings in Carrier Global were worth $231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. boosted its holdings in 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 during the last quarter. FSA Wealth Management LLC purchased a new stake in Carrier Global in the third quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the fourth quarter worth approximately $31,000. Coastline Trust Co purchased a new stake in Carrier Global in the third quarter worth approximately $37,000. Finally, Roxbury Financial LLC purchased a new stake in Carrier Global in the fourth quarter worth approximately $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 0.3 %

Shares of CARR stock opened at $65.47 on Thursday. The company has a market capitalization of $56.56 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The company’s fifty day moving average price is $66.55 and its 200-day moving average price is $72.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company posted $0.53 EPS. Sell-side analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CARR shares. The Goldman Sachs Group started coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Barclays dropped their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. Finally, UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, November 13th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.