Connor Clark & Lunn Investment Management Ltd. boosted its position in Carrier Global Co. (NYSE:CARR - Free Report) by 602.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,432 shares of the company's stock after buying an additional 44,105 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Carrier Global were worth $3,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. lifted its position in Carrier Global by 8.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 91,180 shares of the company's stock valued at $6,224,000 after purchasing an additional 7,432 shares during the last quarter. Essential Planning LLC. bought a new stake in Carrier Global in the fourth quarter valued at approximately $790,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its position in Carrier Global by 42.6% in the fourth quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 300,018 shares of the company's stock valued at $20,530,000 after purchasing an additional 89,689 shares during the last quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its position in Carrier Global by 42.0% in the fourth quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 103,822 shares of the company's stock valued at $7,104,000 after purchasing an additional 30,711 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in Carrier Global in the fourth quarter valued at approximately $111,000. Hedge funds and other institutional investors own 91.00% of the company's stock.
Carrier Global Stock Performance
Shares of Carrier Global stock traded down $0.28 during trading on Friday, hitting $66.15. 10,806,228 shares of the company's stock traded hands, compared to its average volume of 4,273,801. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The stock has a market capitalization of $57.15 billion, a P/E ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. The business has a 50-day simple moving average of $66.32 and a 200-day simple moving average of $71.97.
Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating 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 quarter in the previous year, the firm earned $0.53 EPS. As a group, analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on CARR. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They set a "buy" rating and a $96.00 target price for the company. Barclays decreased their target price on Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a report on Friday, February 14th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, February 24th. Finally, Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $82.53.
View Our Latest Stock Report on CARR
Carrier Global Company Profile
(
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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