Mizuho Securities USA LLC Boosts Stock Holdings in Carrier Global Co. (NYSE:CARR)

Mizuho Securities USA LLC grew its position in Carrier Global Co. (NYSE:CARR - Free Report) by 45.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,084 shares of the company's stock after buying an additional 24,643 shares during the quarter. Mizuho Securities USA LLC's holdings in Carrier Global were worth $5,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CARR. Meridian Wealth Management LLC raised its stake in shares of Carrier Global by 2.3% in the third quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company's stock valued at $485,000 after acquiring an additional 137 shares in the last quarter. UMB Bank n.a. increased its holdings in Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock worth $907,000 after purchasing an additional 143 shares during the period. Chicago Partners Investment Group LLC raised its position in Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after purchasing an additional 147 shares in the last quarter. Great Valley Advisor Group Inc. boosted its stake in shares of Carrier Global by 1.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company's stock valued at $759,000 after buying an additional 150 shares during the period. Finally, Ingalls & Snyder LLC grew its position in shares of Carrier Global by 1.2% during the third quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company's stock worth $991,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

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Carrier Global Stock Performance

Shares of NYSE:CARR traded up $0.11 on Tuesday, reaching $68.07. The company's stock had a trading volume of 1,840,129 shares, compared to its average volume of 4,259,596. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The stock has a market capitalization of $58.81 billion, a P/E ratio of 10.84, a PEG ratio of 2.01 and a beta of 1.35. The stock's 50-day moving average is $66.33 and its two-hundred day moving average is $71.95. 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 posted its quarterly earnings data 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 quarter in the prior year, the firm posted $0.53 earnings per share. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Mizuho upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target for the company in a research note on Friday, February 14th. Barclays decreased 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 report on Wednesday, February 12th. Citigroup dropped their target price on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Royal Bank of Canada decreased their price target on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Monday, February 24th. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.