Kestra Private Wealth Services LLC Sells 2,870 Shares of Carrier Global Co. (NYSE:CARR)

Kestra Private Wealth Services LLC trimmed its position in shares of Carrier Global Co. (NYSE:CARRGet Rating) by 20.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,399 shares of the company’s stock after selling 2,870 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Carrier Global were worth $523,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Independent Wealth Network Inc. raised its stake in shares of Carrier Global by 5.8% in the first quarter. Independent Wealth Network Inc. now owns 4,364 shares of the company’s stock worth $200,000 after purchasing an additional 240 shares during the last quarter. Boyd Watterson Asset Management LLC OH raised its stake in shares of Carrier Global by 1.5% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 17,713 shares of the company’s stock worth $812,000 after purchasing an additional 263 shares during the last quarter. MV Capital Management Inc. raised its stake in shares of Carrier Global by 15.8% in the first quarter. MV Capital Management Inc. now owns 2,113 shares of the company’s stock worth $97,000 after purchasing an additional 289 shares during the last quarter. Rodgers Brothers Inc. raised its stake in shares of Carrier Global by 7.5% in the fourth quarter. Rodgers Brothers Inc. now owns 4,321 shares of the company’s stock worth $234,000 after purchasing an additional 300 shares during the last quarter. Finally, Monterey Private Wealth Inc. raised its stake in shares of Carrier Global by 3.4% in the first quarter. Monterey Private Wealth Inc. now owns 9,179 shares of the company’s stock worth $437,000 after purchasing an additional 302 shares during the last quarter. 85.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. KeyCorp boosted their price target on Carrier Global from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 6th. Wells Fargo & Company upped their price objective on Carrier Global from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Monday, August 1st. The Goldman Sachs Group reduced their price objective on Carrier Global from $53.00 to $43.00 and set a “buy” rating for the company in a research report on Thursday, June 23rd. Credit Suisse Group set a $41.00 price objective on Carrier Global in a research report on Tuesday, July 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Carrier Global from $49.00 to $43.00 in a research report on Monday, July 18th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $47.08.

Carrier Global Trading Up 1.0 %

NYSE CARR opened at $38.82 on Tuesday. The company’s 50-day moving average price is $40.32 and its 200-day moving average price is $40.41. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 1.19. The stock has a market cap of $32.67 billion, a PE ratio of 12.36, a PEG ratio of 1.83 and a beta of 1.34. Carrier Global Co. has a 12 month low of $34.12 and a 12 month high of $57.97.

Carrier Global (NYSE:CARRGet Rating) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.07. Carrier Global had a net margin of 13.50% and a return on equity of 29.10%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $5.15 billion. Equities research analysts forecast that Carrier Global Co. will post 2.33 earnings per share for the current year.

Carrier Global Company Profile

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Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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