Proficio Capital Partners LLC Purchases 2,770 Shares of Carrier Global Co. (NYSE:CARR)

Proficio Capital Partners LLC increased its position in Carrier Global Co. (NYSE:CARR) by 62.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,198 shares of the company’s stock after purchasing an additional 2,770 shares during the quarter. Proficio Capital Partners LLC’s holdings in Carrier Global were worth $491,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its stake in shares of Carrier Global by 11.0% in the 4th quarter. Assetmark Inc. now owns 330,537 shares of the company’s stock valued at $22,562,000 after purchasing an additional 32,871 shares during the period. Laffer Tengler Investments Inc. increased its holdings in Carrier Global by 22.2% in the fourth quarter. Laffer Tengler Investments Inc. now owns 134,916 shares of the company’s stock valued at $9,209,000 after purchasing an additional 24,504 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Carrier Global by 30.0% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,116 shares of the company’s stock valued at $281,000 after buying an additional 951 shares during the period. Synergy Investment Management LLC bought a new position in Carrier Global during the fourth quarter worth about $138,000. Finally, Bahl & Gaynor Inc. grew its position in shares of Carrier Global by 0.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 100,696 shares of the company’s stock worth $6,874,000 after buying an additional 744 shares during the period. 91.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CARR. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Friday, February 14th. Royal Bank of Canada dropped their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company decreased their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Price Performance

NYSE CARR opened at $68.00 on Tuesday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The firm’s 50 day moving average is $66.33 and its 200-day moving average is $71.95. The company has a market capitalization of $58.75 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 period last year, the company posted $0.53 EPS. Equities research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

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.