Carrier Global Co. (NYSE:CARR) Shares Purchased by Tredje AP fonden

Tredje AP fonden increased its position in Carrier Global Co. (NYSE:CARR - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 693,700 shares of the company's stock after acquiring an additional 125,700 shares during the period. Tredje AP fonden owned approximately 0.08% of Carrier Global worth $47,352,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global in the third quarter valued at approximately $28,000. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% in the fourth 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. Coastline Trust Co acquired a new stake in shares of Carrier Global during the 3rd quarter worth about $37,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global during the fourth quarter worth approximately $31,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Carrier Global during the third quarter worth $50,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

NYSE CARR traded up $2.52 during trading hours on Friday, reaching $66.77. The company's stock had a trading volume of 4,181,810 shares, compared to its average volume of 4,250,604. 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 business has a 50-day simple moving average of $66.42 and a 200 day simple moving average of $72.09. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The stock has a market cap of $57.68 billion, a PE ratio of 10.63, a PEG ratio of 2.01 and a beta of 1.35.

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Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 in the prior year, the business posted $0.53 EPS. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CARR shares. Mizuho upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. raised shares of Carrier Global from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a "buy" rating and a $96.00 price objective for the company. Royal Bank of Canada cut their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 12th. Finally, Northcoast Research assumed coverage on Carrier Global in a report on Friday, November 22nd. They issued a "neutral" rating on the stock. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and a consensus target price of $82.53.

About Carrier Global

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.