Horizon Investments LLC lowered its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 39.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,941 shares of the company's stock after selling 9,868 shares during the quarter. Horizon Investments LLC's holdings in Carrier Global were worth $1,020,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its stake in shares of Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock valued at $341,300,000 after buying an additional 4,915,826 shares in the last quarter. FMR LLC lifted its position in shares of Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company's stock worth $702,603,000 after purchasing an additional 2,320,909 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new stake in shares of Carrier Global during the third quarter valued at approximately $130,479,000. Raymond James Financial Inc. acquired a new stake in shares of Carrier Global in the fourth quarter valued at approximately $108,433,000. Finally, OFI Invest Asset Management bought a new position in Carrier Global in the 4th quarter worth approximately $43,589,000. 91.00% of the stock is owned by institutional investors.
Carrier Global Stock Up 2.8 %
CARR stock traded up $1.83 during trading hours on Monday, reaching $68.00. 4,104,156 shares of the stock were exchanged, compared to its average volume of 4,262,028. The company has a market cap of $58.75 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 2.01 and a beta of 1.35. The firm's 50-day moving average is $66.32 and its 200-day moving average is $71.95. Carrier Global Co. has a 12 month low of $53.33 and a 12 month 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.
Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results 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 period in the previous year, the business posted $0.53 EPS. On average, equities research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.
Analyst Upgrades and Downgrades
CARR has been the subject of several research reports. The Goldman Sachs Group assumed coverage on Carrier Global in a research note on Thursday, December 12th. They issued a "buy" rating and a $96.00 target price for the company. Royal Bank of Canada dropped their price objective on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price on the stock in a research note on Friday, February 14th. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target for the company in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. raised shares of Carrier Global from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $82.53.
Check Out Our Latest Analysis on Carrier Global
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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