Robinson Smith Wealth Advisors LLC Decreases Position in Carrier Global Co. (NYSE:CARR)

Robinson Smith Wealth Advisors LLC cut its position in Carrier Global Co. (NYSE:CARR) by 3.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,349 shares of the company’s stock after selling 260 shares during the quarter. Robinson Smith Wealth Advisors LLC’s holdings in Carrier Global were worth $433,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Wealthfront Advisers LLC raised its holdings in shares of Carrier Global by 5,840.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock valued at $341,300,000 after purchasing an additional 4,915,826 shares during the last quarter. FMR LLC raised its holdings in shares of Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after purchasing an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Carrier Global during the third quarter valued at approximately $130,479,000. Raymond James Financial Inc. purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $108,433,000. Finally, Mizuho Securities USA LLC raised its holdings in shares of Carrier Global by 1,428.4% during the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock valued at $79,484,000 after purchasing an additional 922,892 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $66.77 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm has a fifty day moving average price of $66.42 and a 200 day moving average price of $72.09. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The firm has a market cap of $57.68 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping 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 quarter last year, the business earned $0.53 earnings per share. As a group, sell-side analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on CARR. Northcoast Research began coverage on shares of Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday, February 24th. The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Wells Fargo & Company cut their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, Mizuho upgraded 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 research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.