Daiwa Securities Group Inc. Grows Position in Carrier Global Co. (NYSE:CARR)

Daiwa Securities Group Inc. increased its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,827 shares of the company's stock after purchasing an additional 7,387 shares during the period. Daiwa Securities Group Inc.'s holdings in Carrier Global were worth $7,360,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of 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 purchasing an additional 469,108 shares during the period. Geode Capital Management LLC boosted its stake in shares of Carrier Global by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company's stock worth $1,357,961,000 after purchasing an additional 289,439 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Carrier Global by 0.3% during the 4th 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 period. FMR LLC increased its stake in 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 buying an additional 2,320,909 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 worth $482,390,000 after buying an additional 110,988 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

CARR opened at $65.74 on Wednesday. The business's 50-day moving average is $66.61 and its two-hundred day moving average is $72.23. Carrier Global Co. has a 1 year low of $53.33 and a 1 year 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 market capitalization of $56.79 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

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

Wall Street Analyst Weigh In

Several research firms recently commented on CARR. JPMorgan Chase & Co. raised shares of Carrier Global from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. 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. Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Barclays reduced their price target on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective for the company. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average 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.

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