HUB Investment Partners LLC Sells 235 Shares of Carrier Global Co. (NYSE:CARR)

HUB Investment Partners LLC cut its stake in shares of Carrier Global Co. (NYSE:CARR) by 4.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,160 shares of the company’s stock after selling 235 shares during the period. HUB Investment Partners LLC’s holdings in Carrier Global were worth $352,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. increased its stake in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Carrier Global during the third quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global in the 4th quarter worth approximately $31,000. Roxbury Financial LLC bought a new position in Carrier Global in the 4th quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC purchased a new stake in Carrier Global during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 0.4 %

Shares of NYSE CARR opened at $66.15 on Friday. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The business’s 50 day moving average is $66.32 and its two-hundred day moving average is $71.92. The stock has a market capitalization of $57.15 billion, a P/E ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 last year, the firm posted $0.53 EPS. As a group, research analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CARR. Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Northcoast Research assumed coverage on shares of Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. Barclays reduced 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 note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Finally, 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 research report on Friday, February 14th. Five equities 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 company’s stock. Based on data from MarketBeat, the company has an average 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.