O Shaughnessy Asset Management LLC Acquires 11,565 Shares of Carrier Global Co. (NYSE:CARR)

O Shaughnessy Asset Management LLC raised its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,270 shares of the company's stock after buying an additional 11,565 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Carrier Global were worth $4,933,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. lifted its position in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global in the fourth quarter valued at about $31,000. Centricity Wealth Management LLC acquired a new position in shares of Carrier Global during the fourth quarter worth about $49,000. Roxbury Financial LLC acquired a new position in shares of Carrier Global during the fourth quarter worth about $49,000. Finally, Flagship Wealth Advisors LLC bought a new position in shares of Carrier Global during the fourth quarter worth about $54,000. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of recent research reports. Barclays reduced their price target on Carrier Global from $87.00 to $83.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Royal Bank of Canada reduced their target price on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised 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 research report on Wednesday, March 5th. Citigroup decreased their price objective on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a report on Monday, January 13th. Finally, The Goldman Sachs Group started coverage on Carrier Global in a report on Thursday, December 12th. They set a "buy" rating and a $96.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $82.27.

Remove Ads

Carrier Global Stock Performance

Shares of NYSE:CARR traded down $0.45 on Monday, hitting $56.73. The company had a trading volume of 6,328,744 shares, compared to its average volume of 4,450,085. The stock has a 50 day moving average price of $65.06 and a 200 day moving average price of $71.09. 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 stock has a market cap of $49.01 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 period in the previous year, the company posted $0.53 EPS. Analysts expect that Carrier Global Co. will post 2.99 EPS for the current year.

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.