RWA Wealth Partners LLC Reduces Position in Carrier Global Co. (NYSE:CARR)

RWA Wealth Partners LLC reduced its stake in Carrier Global Co. (NYSE:CARR) by 32.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,105 shares of the company’s stock after selling 2,447 shares during the quarter. RWA Wealth Partners LLC’s holdings in Carrier Global were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARR. Norges Bank purchased a new position in shares of Carrier Global in the fourth quarter valued at about $588,029,000. Wealthfront Advisers LLC lifted its holdings in Carrier Global by 5,840.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock worth $341,300,000 after purchasing an additional 4,915,826 shares in the last quarter. Artisan Partners Limited Partnership purchased a new stake in Carrier Global during the 4th quarter valued at approximately $166,061,000. Zurich Insurance Group Ltd FI purchased a new stake in Carrier Global during the 3rd quarter valued at approximately $130,479,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Carrier Global during the fourth quarter valued at approximately $108,433,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CARR. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Barclays lowered their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Finally, Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. Five investment 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

Carrier Global Stock Performance

Carrier Global stock opened at $63.40 on Wednesday. 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 firm has a market capitalization of $54.78 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The company’s 50-day moving average is $65.81 and its 200 day moving average is $71.62.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 period in the prior year, the business earned $0.53 EPS. Research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current 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.