Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Purchases 89,689 Shares of Carrier Global Co. (NYSE:CARR)

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 42.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300,018 shares of the company's stock after acquiring an additional 89,689 shares during the period. Carrier Global makes up about 1.6% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's investment portfolio, making the stock its 24th largest position. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD's holdings in Carrier Global were worth $20,530,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. RFG Advisory LLC boosted its stake in shares of Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock valued at $489,000 after purchasing an additional 1,904 shares during the period. Princeton Global Asset Management LLC boosted its stake in shares of Carrier Global by 1,156.1% during the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock valued at $1,410,000 after purchasing an additional 19,018 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Carrier Global by 12.3% during the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company's stock valued at $8,084,000 after purchasing an additional 11,032 shares during the period. Cerity Partners LLC boosted its stake in shares of Carrier Global by 39.0% during the third quarter. Cerity Partners LLC now owns 136,821 shares of the company's stock valued at $11,013,000 after purchasing an additional 38,365 shares during the period. Finally, Miracle Mile Advisors LLC purchased a new stake in shares of Carrier Global during the fourth quarter valued at $2,213,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Performance

CARR opened at $65.74 on Wednesday. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The company has a market cap of $56.79 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The firm's 50-day moving average price is $66.61 and its 200-day moving average price is $72.23.

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Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the company earned $0.53 EPS. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group initiated 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. Wolfe Research raised 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 note on Monday, February 24th. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. Finally, Barclays lowered their price objective on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Five research 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. According to MarketBeat.com, Carrier Global presently 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.

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