Mystic Asset Management Inc. Takes Position in Carrier Global Co. (NYSE:CARR)

Mystic Asset Management Inc. purchased a new position in Carrier Global Co. (NYSE:CARR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,684 shares of the company's stock, valued at approximately $456,000.

Several other institutional investors and hedge funds also recently modified their holdings of CARR. Wealthfront Advisers LLC grew 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 worth $341,300,000 after purchasing an additional 4,915,826 shares in the last quarter. FMR LLC lifted its holdings in shares of Carrier Global by 36.2% in the third quarter. FMR LLC now owns 8,729,073 shares of the company's stock valued at $702,603,000 after buying an additional 2,320,909 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Carrier Global in the third quarter valued at $130,479,000. Raymond James Financial Inc. acquired a new stake in shares of Carrier Global in the fourth quarter valued at $108,433,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Carrier Global in the fourth quarter valued at $43,589,000. Institutional investors own 91.00% of the company's stock.

Carrier Global Stock Down 0.4 %

NYSE:CARR traded down $0.28 during trading hours on Friday, hitting $66.15. 11,027,218 shares of the company's stock traded hands, compared to its average volume of 4,265,199. The firm has a market cap of $57.15 billion, a P/E ratio of 10.53, a P/E/G ratio of 2.01 and a beta of 1.35. 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. The stock's fifty day moving average price is $66.32 and its two-hundred day moving average price is $71.92.

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Carrier Global (NYSE:CARR - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping 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 last year, the company posted $0.53 EPS. On average, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Royal Bank of Canada cut 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. Northcoast Research assumed coverage on Carrier Global in a report on Friday, November 22nd. They issued a "neutral" rating for the company. JPMorgan Chase & Co. upgraded Carrier Global from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a "buy" rating and a $96.00 target price for the company. Finally, Barclays reduced their target price on Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.53.

Carrier Global Company 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.