Somerville Kurt F Increases Stock Position in Carrier Global Co. (NYSE:CARR)

Somerville Kurt F increased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 147,645 shares of the company’s stock after purchasing an additional 16,363 shares during the period. Carrier Global accounts for 1.7% of Somerville Kurt F’s holdings, making the stock its 25th biggest holding. Somerville Kurt F’s holdings in Carrier Global were worth $10,078,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. BOK Financial Private Wealth Inc. increased its holdings 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 valued at $25,000 after acquiring an additional 160 shares during the period. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global in the fourth quarter valued at about $31,000. Meeder Asset Management Inc. grew its stake in Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after purchasing an additional 340 shares during the last quarter. Centricity Wealth Management LLC bought a new position in Carrier Global in the fourth quarter worth about $49,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Carrier Global during the fourth quarter valued at about $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE:CARR opened at $60.69 on Friday. The firm’s fifty day moving average is $65.53 and its two-hundred day moving average is $71.50. The firm has a market cap of $52.44 billion, a price-to-earnings ratio of 9.66, a PEG ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates 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 expect that Carrier Global Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Royal Bank of Canada decreased their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group began coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Citigroup reduced their target price 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. Finally, Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $82.27.

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.