Sei Investments Co. Increases Holdings in Carrier Global Co. (NYSE:CARR)

Sei Investments Co. increased its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 261.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 826,266 shares of the company's stock after purchasing an additional 597,653 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Carrier Global worth $56,401,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CARR. Wealthfront Advisers LLC raised its position in shares of Carrier Global by 5,840.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company's stock worth $341,300,000 after acquiring an additional 4,915,826 shares during the last quarter. FMR LLC raised its stake in Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company's stock worth $702,603,000 after buying an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI acquired a new position in Carrier Global in the third quarter valued at $130,479,000. Raymond James Financial Inc. acquired a new stake in Carrier Global during the 4th quarter worth about $108,433,000. Finally, OFI Invest Asset Management acquired a new position in shares of Carrier Global in the 4th quarter valued at about $43,589,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Stock Performance

Shares of Carrier Global stock traded up $0.03 on Tuesday, reaching $67.99. 1,374,929 shares of the company traded hands, compared to its average volume of 4,259,596. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm has a market capitalization of $58.74 billion, a PE ratio of 10.83, a PEG ratio of 2.01 and a beta of 1.35. The company has a 50 day moving average of $66.33 and a 200 day moving average of $71.95. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32.

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Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same period in the prior year, the company earned $0.53 earnings per share. Equities analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CARR shares. Citigroup dropped their target price on shares of Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Wolfe Research raised 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. Barclays decreased their price objective on Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price on the stock in a report on Friday, February 14th. Finally, The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a "buy" rating and a $96.00 price target for the company. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Carrier Global 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.