Avantax Advisory Services Inc. raised its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,180 shares of the company's stock after purchasing an additional 7,432 shares during the period. Avantax Advisory Services Inc.'s holdings in Carrier Global were worth $6,224,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Wealthfront Advisers LLC increased its stake in Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after purchasing an additional 4,915,826 shares in the last quarter. FMR LLC grew its holdings in shares of Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company's stock valued at $702,603,000 after buying an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in shares of Carrier Global during the third quarter valued at about $130,479,000. Raymond James Financial Inc. acquired a new position in shares of Carrier Global during the fourth quarter valued at about $108,433,000. Finally, Mizuho Securities USA LLC grew its holdings in shares of Carrier Global by 1,428.4% during the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company's stock valued at $79,484,000 after buying an additional 922,892 shares during the last quarter. 91.00% of the stock is owned by institutional investors.
Carrier Global Stock Down 2.0 %
CARR opened at $64.14 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock has a market cap of $55.41 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The company's 50-day moving average price is $66.47 and its two-hundred day moving average price is $72.12.
Carrier Global (NYSE:CARR - Get Free Report) last released 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 previous year, the business earned $0.53 EPS. As a group, equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Carrier Global from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a "buy" rating and a $96.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Barclays cut their price target on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Finally, Royal Bank of Canada cut their price target on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Five equities research 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 company's stock. According to MarketBeat.com, Carrier Global currently has a consensus rating of "Moderate Buy" and an average target price of $82.53.
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About Carrier Global
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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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