KLP Kapitalforvaltning AS purchased a new position in Carrier Global Co. (NYSE:CARR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 288,285 shares of the company's stock, valued at approximately $19,733,000.
Other institutional investors also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in shares of Carrier Global by 261.4% in the fourth quarter. Sei Investments Co. now owns 826,266 shares of the company's stock worth $56,401,000 after buying an additional 597,653 shares during the period. American Century Companies Inc. lifted its position in shares of Carrier Global by 1.0% in the 4th quarter. American Century Companies Inc. now owns 93,610 shares of the company's stock valued at $6,390,000 after acquiring an additional 923 shares in the last quarter. Mizuho Securities USA LLC boosted its stake in Carrier Global by 45.3% in the 4th quarter. Mizuho Securities USA LLC now owns 79,084 shares of the company's stock worth $5,398,000 after purchasing an additional 24,643 shares during the period. Adams Diversified Equity Fund Inc. grew its position in Carrier Global by 86.4% during the 4th quarter. Adams Diversified Equity Fund Inc. now owns 325,200 shares of the company's stock worth $22,198,000 after purchasing an additional 150,700 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in Carrier Global by 57.7% during the 4th quarter. TD Private Client Wealth LLC now owns 13,554 shares of the company's stock valued at $925,000 after purchasing an additional 4,958 shares during the period. Institutional investors own 91.00% of the company's stock.
Carrier Global Stock Performance
Shares of Carrier Global stock traded up $0.03 during trading on Tuesday, reaching $67.99. The company's stock had a trading volume of 1,374,929 shares, compared to its average volume of 4,259,596. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. 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 has a market cap of $58.74 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The business's fifty day moving average price is $66.33 and its 200-day moving average price is $71.95.
Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 EPS 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 prior year, the company posted $0.53 EPS. As a group, equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.
Wall Street Analyst Weigh In
CARR has been the subject of several research analyst reports. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a research note on Friday, February 14th. Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Finally, Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $82.53.
Check Out Our Latest Stock Report on CARR
About Carrier Global
(
Free Report)
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.
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