AGF Management Ltd. Increases Stake in Carrier Global Co. (NYSE:CARR)

AGF Management Ltd. grew its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 177.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,411 shares of the company's stock after acquiring an additional 5,381 shares during the period. AGF Management Ltd.'s holdings in Carrier Global were worth $574,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CARR. Wealthfront Advisers LLC boosted its holdings 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 worth $341,300,000 after acquiring an additional 4,915,826 shares in the last quarter. FMR LLC lifted its holdings in shares of Carrier Global by 36.2% in the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company's stock worth $702,603,000 after purchasing an additional 2,320,909 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Carrier Global in the 3rd quarter valued at $130,479,000. Raymond James Financial Inc. bought a new stake in Carrier Global during the 4th quarter valued at $108,433,000. Finally, Mizuho Securities USA LLC raised its holdings in Carrier Global by 1,428.4% during the third quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company's stock worth $79,484,000 after buying an additional 922,892 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CARR. The Goldman Sachs Group initiated 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. Royal Bank of Canada decreased their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Wells Fargo & Company dropped their target price on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a report on Monday, February 24th. Finally, Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective on the stock in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $82.53.

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Carrier Global Stock Performance

Shares of NYSE CARR traded up $0.42 during mid-day trading on Wednesday, reaching $67.72. 4,407,554 shares of the company's stock were exchanged, compared to its average volume of 4,248,117. The firm has a market capitalization of $58.51 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. 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 firm has a 50-day moving average price of $66.38 and a two-hundred day moving average price of $72.04.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the business posted $0.53 EPS. Analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Company 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.