Generali Asset Management SPA SGR Takes $2.58 Million Position in Carrier Global Co. (NYSE:CARR)

Generali Asset Management SPA SGR bought a new stake in Carrier Global Co. (NYSE:CARR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 37,848 shares of the company's stock, valued at approximately $2,584,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealthfront Advisers LLC grew its position in shares of Carrier Global by 5,840.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after acquiring an additional 4,915,826 shares during the period. FMR LLC lifted its stake in Carrier Global by 36.2% in the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company's stock valued at $702,603,000 after purchasing an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in Carrier Global during the third quarter worth about $130,479,000. Raymond James Financial Inc. acquired a new position in Carrier Global during the fourth quarter worth approximately $108,433,000. Finally, OFI Invest Asset Management bought a new stake in Carrier Global in the fourth quarter valued at approximately $43,589,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Price Performance

Carrier Global stock traded up $1.83 during trading hours on Monday, reaching $68.00. 4,104,156 shares of the stock were exchanged, compared to its average volume of 4,262,028. The stock has a 50 day moving average of $66.32 and a two-hundred day moving average of $71.95. The company has a market cap of $58.75 billion, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. 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 Co. has a twelve month low of $53.33 and a twelve month high of $83.32.

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Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the business earned $0.53 EPS. Equities analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CARR shares. Barclays decreased their target price on Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Citigroup decreased their price objective 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. JPMorgan Chase & Co. upgraded shares of Carrier Global from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a "buy" rating and a $96.00 price target on the stock. Finally, Wolfe Research raised 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 analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.