PKS Advisory Services LLC Purchases Shares of 4,895 Carrier Global Co. (NYSE:CARR)

PKS Advisory Services LLC acquired a new position in Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,895 shares of the company’s stock, valued at approximately $334,000.

A number of other institutional investors also recently made changes to their positions in CARR. Wealthfront Advisers LLC lifted its stake in Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock worth $341,300,000 after purchasing an additional 4,915,826 shares during the last quarter. FMR LLC grew its stake 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 buying an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Carrier Global in the third quarter worth about $130,479,000. Raymond James Financial Inc. bought a new stake in shares of Carrier Global in the 4th quarter valued at about $108,433,000. Finally, OFI Invest Asset Management purchased a new stake in Carrier Global during the 4th quarter valued at about $43,589,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.2 %

CARR stock opened at $68.07 on Wednesday. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The company has a market capitalization of $58.81 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The business’s 50 day moving average price is $66.33 and its two-hundred day moving average price is $71.94. 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 (NYSE:CARR) last issued its quarterly earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the business earned $0.53 EPS. As a group, analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CARR. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Wells Fargo & Company decreased their target price on shares of 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. Royal Bank of Canada lowered their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Citigroup cut their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Five 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. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global 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.