Cibc World Markets Corp Has $8.92 Million Holdings in Carrier Global Co. (NYSE:CARR)

Cibc World Markets Corp raised its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 16.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,689 shares of the company's stock after buying an additional 18,387 shares during the period. Cibc World Markets Corp's holdings in Carrier Global were worth $8,921,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp grew its position in Carrier Global by 1.4% during the 3rd quarter. State Street Corp now owns 33,665,505 shares of the company's stock worth $2,709,736,000 after acquiring an additional 469,108 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Carrier Global by 1.7% during the third quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company's stock valued at $1,357,961,000 after purchasing an additional 289,439 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Carrier Global by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock worth $977,028,000 after purchasing an additional 46,222 shares during the last quarter. FMR LLC increased its stake in shares of Carrier Global by 36.2% in 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Carrier Global by 1.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,993,169 shares of the company's stock valued at $482,390,000 after buying an additional 110,988 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

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Carrier Global Stock Down 0.4 %

CARR traded down $0.28 during midday trading on Friday, hitting $66.15. The company had a trading volume of 11,027,218 shares, compared to its average volume of 4,265,199. The stock's 50 day moving average price is $66.32 and its 200 day moving average price is $71.92. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a market capitalization of $57.15 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating 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 period last year, the business posted $0.53 earnings per share. On average, research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CARR shares. Citigroup decreased their price target on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a research report on Friday, February 14th. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a "buy" rating and a $96.00 target price on the stock. Barclays lowered their price objective on Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. Finally, Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $82.53.

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.