Kidder Stephen W Acquires 12,645 Shares of Carrier Global Co. (NYSE:CARR)

Kidder Stephen W increased its position in Carrier Global Co. (NYSE:CARR - Free Report) by 17.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,190 shares of the company's stock after purchasing an additional 12,645 shares during the period. Carrier Global accounts for about 1.7% of Kidder Stephen W's investment portfolio, making the stock its 23rd biggest holding. Kidder Stephen W's holdings in Carrier Global were worth $5,747,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CARR. State Street Corp raised its stake in Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,665,505 shares of the company's stock worth $2,709,736,000 after acquiring an additional 469,108 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Carrier Global by 2.5% in 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 last quarter. Fisher Asset Management LLC boosted its position in Carrier Global by 0.3% during the 4th quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company's stock valued at $977,028,000 after purchasing an additional 46,222 shares during the period. Norges Bank acquired a new stake in Carrier Global in the fourth quarter worth $588,029,000. Finally, Pictet Asset Management Holding SA lifted its stake in Carrier Global by 2.1% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company's stock valued at $415,078,000 after buying an additional 126,174 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CARR. The Goldman Sachs Group started coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a "buy" rating and a $96.00 price objective on the stock. Royal Bank of Canada cut their price target on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a report on Wednesday, February 12th. Mizuho raised Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a report on Friday, February 14th. Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 12th. Finally, Citigroup lowered their price target on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.33.

Carrier Global Stock Up 1.5 %

Shares of Carrier Global stock traded up $0.82 during trading on Wednesday, hitting $56.37. 1,895,112 shares of the stock traded hands, compared to its average volume of 5,612,130. The stock has a market cap of $48.71 billion, a P/E ratio of 8.98, a PEG ratio of 2.01 and a beta of 1.33. The company has a fifty day moving average price of $64.63 and a two-hundred day moving average price of $70.81. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. 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 issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 period in the previous year, the firm earned $0.53 earnings per share. Equities research analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

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.