Somerville Kurt F grew its position in Carrier Global Co. (NYSE:CARR - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,645 shares of the company's stock after acquiring an additional 16,363 shares during the quarter. Carrier Global accounts for 1.7% of Somerville Kurt F's portfolio, making the stock its 25th biggest holding. Somerville Kurt F's holdings in Carrier Global were worth $10,078,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hilltop Holdings Inc. lifted its stake in shares of Carrier Global by 81.5% in the 3rd quarter. Hilltop Holdings Inc. now owns 10,006 shares of the company's stock valued at $805,000 after purchasing an additional 4,493 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Carrier Global in the third quarter worth $3,497,000. Investment Management Corp of Ontario boosted its stake in Carrier Global by 50.0% during the third quarter. Investment Management Corp of Ontario now owns 27,014 shares of the company's stock worth $2,174,000 after buying an additional 9,000 shares during the period. IHT Wealth Management LLC increased its position in Carrier Global by 139.7% during the third quarter. IHT Wealth Management LLC now owns 10,991 shares of the company's stock valued at $883,000 after acquiring an additional 6,405 shares during the last quarter. Finally, Morse Asset Management Inc bought a new position in Carrier Global during the third quarter valued at $201,000. 91.00% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CARR. Royal Bank of Canada dropped their price target 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. The Goldman Sachs Group started coverage on Carrier Global in a research report on Thursday, December 12th. They set a "buy" rating and a $96.00 target price for the company. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target on the stock in a report on Friday, February 14th. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Finally, Citigroup cut their price objective on Carrier Global from $94.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $81.33.
View Our Latest Stock Analysis on CARR
Carrier Global Stock Up 1.8 %
Shares of CARR traded up $0.98 during mid-day trading on Wednesday, hitting $56.53. The company's stock had a trading volume of 1,865,275 shares, compared to its average volume of 4,448,108. 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 company's 50-day moving average is $64.63 and its 200-day moving average is $70.81. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The firm has a market capitalization of $48.84 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 2.01 and a beta of 1.33.
Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the previous year, the firm posted $0.53 EPS. On average, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.
About Carrier Global
(
Free Report)
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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