5,032 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Custos Family Office LLC

Custos Family Office LLC acquired a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,032 shares of the company's stock, valued at approximately $343,000.

Other large investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Carrier Global in the 3rd quarter worth $200,000. ING Groep NV bought a new stake in shares of Carrier Global in the third quarter worth $1,190,000. Coastline Trust Co bought a new stake in shares of Carrier Global in the third quarter worth $37,000. Natixis Advisors LLC grew its holdings in shares of Carrier Global by 25.6% in the third quarter. Natixis Advisors LLC now owns 280,146 shares of the company's stock worth $22,549,000 after acquiring an additional 57,042 shares during the period. Finally, Mill Creek Capital Advisors LLC bought a new stake in shares of Carrier Global in the third quarter worth $208,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CARR shares. The Goldman Sachs Group started coverage on Carrier Global in a report on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective for the company. JPMorgan Chase & Co. raised Carrier Global from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Northcoast Research started coverage on Carrier Global in a report on Friday, November 22nd. They issued a "neutral" rating for the company. Barclays cut their price objective on Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Finally, Citigroup lowered their target price on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Five investment 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $82.53.

Remove Ads

Carrier Global Price Performance

Shares of Carrier Global stock traded down $0.28 during trading hours on Friday, hitting $66.15. The company's stock had a trading volume of 11,027,218 shares, compared to its average volume of 4,265,199. The business has a 50 day moving average price of $66.32 and a two-hundred day moving average price of $71.92. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a market cap of $57.15 billion, a PE ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last posted 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 period in the prior year, the company earned $0.53 EPS. Analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal 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.