Adams Diversified Equity Fund Inc. Purchases 150,700 Shares of Carrier Global Co. (NYSE:CARR)

Adams Diversified Equity Fund Inc. lifted its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 86.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 325,200 shares of the company's stock after acquiring an additional 150,700 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in Carrier Global were worth $22,198,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CARR. RFG Advisory LLC raised its position in Carrier Global by 36.2% in the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after acquiring an additional 1,904 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock worth $1,410,000 after purchasing an additional 19,018 shares during the period. Daiwa Securities Group Inc. lifted its stake in Carrier Global by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company's stock valued at $8,084,000 after purchasing an additional 11,032 shares during the last quarter. Cerity Partners LLC lifted its stake in Carrier Global by 39.0% in the third quarter. Cerity Partners LLC now owns 136,821 shares of the company's stock valued at $11,013,000 after purchasing an additional 38,365 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in Carrier Global during the fourth quarter valued at $2,213,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent research reports. Citigroup dropped their price target on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. 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. Mizuho upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a research note on Friday, February 14th. 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 research note on Monday, February 24th. Finally, Royal Bank of Canada reduced their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $82.53.

Carrier Global Price Performance

Shares of NYSE:CARR traded up $0.11 on Tuesday, hitting $68.07. The company's stock had a trading volume of 4,015,987 shares, compared to its average volume of 4,259,596. The company has a market capitalization of $58.81 billion, a PE ratio of 10.84, a PEG ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a 50-day simple moving average of $66.33 and a 200 day simple moving average of $71.95. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 prior year, the company earned $0.53 EPS. Sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS 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.