Puzo Michael J Buys 14,088 Shares of Carrier Global Co. (NYSE:CARR)

Puzo Michael J boosted its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 16.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 101,577 shares of the company's stock after buying an additional 14,088 shares during the period. Carrier Global makes up approximately 1.9% of Puzo Michael J's holdings, making the stock its 25th biggest holding. Puzo Michael J's holdings in Carrier Global were worth $6,934,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. grew its stake in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global in the fourth quarter valued at about $31,000. Meeder Asset Management Inc. grew its position in shares of Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after purchasing an additional 340 shares during the last quarter. Roxbury Financial LLC bought a new stake in shares of Carrier Global in the fourth quarter valued at about $49,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $49,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Up 1.8 %

Shares of NYSE CARR traded up $0.98 during mid-day trading on Wednesday, reaching $56.53. 1,865,275 shares of the company's stock traded hands, compared to its average volume of 4,448,108. 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 business has a 50-day simple moving average of $64.63 and a 200 day simple moving average of $70.81. The stock has a market cap of $48.84 billion, a P/E ratio of 8.93, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32.

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Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data 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 firm earned $0.53 earnings per share. On average, analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

CARR has been the subject of several recent analyst reports. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. The Goldman Sachs Group started coverage on Carrier Global in a research note on Thursday, December 12th. They set a "buy" rating and a $96.00 target price for the company. Royal Bank of Canada reduced their price target on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 12th. Wells Fargo & Company dropped 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 research note on Wednesday, February 12th. Finally, Wolfe Research upgraded shares of 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. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global currently has an average rating of "Moderate Buy" and a consensus target price of $81.33.

About Carrier Global

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.