Carrier Global Co. (NYSE:CARR) Shares Acquired by Xponance Inc.

Xponance Inc. increased its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,262 shares of the company's stock after purchasing an additional 5,871 shares during the quarter. Xponance Inc.'s holdings in Carrier Global were worth $8,209,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CARR. Oppenheimer Asset Management Inc. purchased a new stake in shares of Carrier Global during the third quarter worth about $200,000. Natixis Advisors LLC grew its holdings in Carrier Global by 25.6% during the 3rd quarter. Natixis Advisors LLC now owns 280,146 shares of the company's stock valued at $22,549,000 after buying an additional 57,042 shares in the last quarter. Quest Partners LLC purchased a new position in Carrier Global during the 3rd quarter valued at approximately $373,000. GLOBALT Investments LLC GA grew its holdings in Carrier Global by 16.3% during the 3rd quarter. GLOBALT Investments LLC GA now owns 16,746 shares of the company's stock valued at $1,348,000 after buying an additional 2,351 shares in the last quarter. Finally, Drive Wealth Management LLC purchased a new position in Carrier Global during the 3rd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CARR. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They set a "buy" rating and a $96.00 price target for the company. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, February 24th. Royal Bank of Canada dropped their target price on Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Barclays dropped their target price on Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Finally, Citigroup dropped their target price on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a report on Monday, January 13th. Five investment 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 company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $82.53.

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Carrier Global Stock Down 0.4 %

Shares of CARR traded down $0.28 during midday trading on Friday, reaching $66.15. 11,027,218 shares of the stock were exchanged, compared to its average volume of 4,262,666. The company has a market capitalization of $57.15 billion, a P/E ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company's 50 day moving average is $66.32 and its two-hundred day moving average is $71.93.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 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 last year, the company earned $0.53 EPS. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

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.