Intact Investment Management Inc. Grows Holdings in Carrier Global Co. (NYSE:CARR)

Intact Investment Management Inc. grew its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 38.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,700 shares of the company's stock after buying an additional 4,660 shares during the quarter. Intact Investment Management Inc.'s holdings in Carrier Global were worth $1,140,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. HBK Sorce Advisory LLC grew its holdings in shares of Carrier Global by 6.5% during the fourth quarter. HBK Sorce Advisory LLC now owns 9,420 shares of the company's stock valued at $643,000 after buying an additional 578 shares during the last quarter. Tredje AP fonden boosted its holdings in Carrier Global by 22.1% during the fourth quarter. Tredje AP fonden now owns 693,700 shares of the company's stock worth $47,352,000 after purchasing an additional 125,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Carrier Global by 602.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,432 shares of the company's stock worth $3,511,000 after purchasing an additional 44,105 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Carrier Global by 8.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 91,180 shares of the company's stock worth $6,224,000 after purchasing an additional 7,432 shares during the last quarter. Finally, Essential Planning LLC. purchased a new position in Carrier Global during the fourth quarter worth about $790,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

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Carrier Global Stock Performance

Shares of NYSE CARR traded up $0.42 during midday trading on Wednesday, hitting $67.72. The company's stock had a trading volume of 4,407,559 shares, compared to its average volume of 4,248,117. The stock has a fifty day moving average price of $66.38 and a 200 day moving average price of $72.04. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $58.51 billion, a price-to-earnings ratio of 10.78, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter last year, the firm posted $0.53 EPS. On average, research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

CARR has been the topic of several analyst reports. Northcoast Research initiated coverage on shares of Carrier Global in a report on Friday, November 22nd. They set a "neutral" rating on the stock. JPMorgan Chase & Co. upgraded shares of Carrier Global from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Barclays lowered their price objective on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Finally, The Goldman Sachs Group began coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective on the stock. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $82.53.

Carrier Global 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.