Carrier Global Co. (NYSE:CARR) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,312,994 shares of the company's stock after purchasing an additional 108,017 shares during the quarter. Vanguard Group Inc. owned approximately 10.62% of Carrier Global worth $6,506,065,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in Carrier Global during the 3rd quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global during the 4th quarter worth about $31,000. Roxbury Financial LLC acquired a new position in shares of Carrier Global during the 4th quarter worth about $49,000. Finally, Centricity Wealth Management LLC purchased a new position in shares of Carrier Global in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of NYSE:CARR traded up $0.11 during trading on Tuesday, reaching $68.07. The company had a trading volume of 4,015,987 shares, compared to its average volume of 4,262,797. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. 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 stock's fifty day moving average price is $66.33 and its 200 day moving average price is $71.95. The firm has a market capitalization of $58.81 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth 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 data 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 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. As a group, equities research analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CARR. Citigroup lowered their price target on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a report on Monday, January 13th. Mizuho upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a report on Friday, February 14th. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a research report on Monday, February 24th. Royal Bank of Canada reduced 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 report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their price objective on Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $82.53.

Carrier Global 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.