RFG Bristol Wealth Advisors LLC Invests $607,000 in Carrier Global Co. (NYSE:CARR)

RFG Bristol Wealth Advisors LLC acquired a new stake in Carrier Global Co. (NYSE:CARR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,887 shares of the company’s stock, valued at approximately $607,000.

A number of other large investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,665,505 shares of the company’s stock valued at $2,709,736,000 after purchasing an additional 469,108 shares during the last quarter. Geode Capital Management LLC grew its stake in Carrier Global by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock valued at $1,181,300,000 after buying an additional 420,081 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Carrier Global by 0.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock worth $977,028,000 after acquiring an additional 46,222 shares during the period. Norges Bank acquired a new position in Carrier Global during the 4th quarter worth $588,029,000. Finally, Pictet Asset Management Holding SA boosted its holdings in Carrier Global by 2.1% during the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock valued at $415,078,000 after acquiring an additional 126,174 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Up 0.0 %

CARR opened at $63.40 on Wednesday. The firm has a market cap of $54.78 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 2.01 and a beta of 1.35. 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’s 50-day simple moving average is $65.81 and its 200-day simple moving average is $71.62. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the previous year, the business earned $0.53 EPS. Equities research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CARR shares. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Barclays lowered their price objective on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus 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.