Sequoia Financial Advisors LLC Acquires 2,188 Shares of Carrier Global Co. (NYSE:CARR)

Sequoia Financial Advisors LLC grew its holdings in Carrier Global Co. (NYSE:CARR) by 14.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,885 shares of the company’s stock after acquiring an additional 2,188 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Carrier Global were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versor Investments LP bought a new position in shares of Carrier Global during the 3rd quarter worth about $338,000. Harbour Investments Inc. increased its stake in Carrier Global by 8.5% during the third quarter. Harbour Investments Inc. now owns 7,042 shares of the company’s stock valued at $567,000 after acquiring an additional 553 shares during the period. Empower Advisory Group LLC acquired a new position in Carrier Global in the 3rd quarter valued at approximately $224,000. Oppenheimer Asset Management Inc. acquired a new position in Carrier Global in the 3rd quarter valued at approximately $200,000. Finally, Kovack Advisors Inc. acquired a new stake in shares of Carrier Global during the 3rd quarter worth approximately $230,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR opened at $66.77 on Friday. 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 stock has a market capitalization of $57.68 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company’s 50 day simple moving average is $66.42 and its 200-day simple moving average is $72.09. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

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

Analysts Set New Price Targets

CARR has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and upped their target price for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Barclays reduced their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Citigroup lowered their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research note on Friday, February 14th. Finally, Wells Fargo & Company lowered their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

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.