Crowley Wealth Management Inc. Makes New $92,000 Investment in Carrier Global Co. (NYSE:CARR)

Crowley Wealth Management Inc. bought a new stake in Carrier Global Co. (NYSE:CARR) during the 4th quarter, HoldingsChannel.com reports. The firm bought 1,350 shares of the company’s stock, valued at approximately $92,000.

A number of other institutional investors have also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. boosted its position in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Carrier Global in the 3rd quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in Carrier Global in the fourth quarter valued at about $31,000. Roxbury Financial LLC acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $49,000. Finally, Centricity Wealth Management LLC acquired a new position in Carrier Global during the fourth quarter worth $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of NYSE CARR opened at $66.15 on Monday. The company’s 50-day moving average price is $66.32 and its 200 day moving average price is $71.95. The stock has a market cap of $57.15 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating 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 quarter last year, the company earned $0.53 EPS. As a group, research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CARR. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Barclays cut their price target on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective on the stock. Citigroup dropped their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average 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.