11,643 Shares in Carrier Global Co. (NYSE:CARR) Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in Carrier Global Co. (NYSE:CARR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,643 shares of the company's stock, valued at approximately $795,000.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Carrier Global by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company's stock worth $1,181,300,000 after purchasing an additional 420,081 shares during the period. StoneX Group Inc. acquired a new position in shares of Carrier Global during the fourth quarter worth approximately $914,000. B. Metzler seel. Sohn & Co. AG raised its holdings in Carrier Global by 8.0% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 35,459 shares of the company's stock worth $2,420,000 after purchasing an additional 2,637 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after purchasing an additional 340 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Carrier Global by 303.1% during the 4th quarter. Wellington Management Group LLP now owns 181,661 shares of the company's stock valued at $12,400,000 after purchasing an additional 136,597 shares during the period. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Down 1.9 %

Shares of Carrier Global stock traded down $1.11 on Monday, hitting $56.07. 2,113,321 shares of the company traded hands, compared to its average volume of 4,433,710. 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 Co. has a 12-month low of $48.50 and a 12-month high of $83.32. The company has a 50-day moving average price of $65.27 and a 200 day moving average price of $71.26. The company has a market cap of $48.44 billion, a PE ratio of 8.89, a PEG ratio of 2.01 and a beta of 1.33.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CARR. Wells Fargo & Company decreased their target price on 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. Wolfe Research upgraded shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a research report on Monday, February 24th. Royal Bank of Canada dropped their target price on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Barclays reduced their target price on shares of Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. raised Carrier Global from a "neutral" rating to an "overweight" rating and upped their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $82.27.

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.