11,643 Shares in Carrier Global Co. (NYSE:CARR) Purchased by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in shares of Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,643 shares of the company’s stock, valued at approximately $795,000.

Several other large investors also recently modified their holdings of the stock. State Street Corp increased its position in shares of Carrier Global by 1.4% during the 3rd quarter. State Street Corp now owns 33,665,505 shares of the company’s stock worth $2,709,736,000 after purchasing an additional 469,108 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Carrier Global by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 17,357,770 shares of the company’s stock worth $1,181,300,000 after buying an additional 420,081 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Carrier Global by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after acquiring an additional 46,222 shares during the last quarter. Norges Bank acquired a new position in shares of Carrier Global in the 4th quarter worth approximately $588,029,000. Finally, Pictet Asset Management Holding SA grew its position in Carrier Global by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock worth $415,078,000 after acquiring an additional 126,174 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

Shares of CARR stock opened at $65.07 on Thursday. The stock has a 50-day moving average of $65.71 and a 200-day moving average of $71.57. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The stock has a market cap of $56.22 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping 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 last year, the firm earned $0.53 EPS. As a group, sell-side analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

CARR has been the topic of a number of recent analyst reports. Citigroup reduced their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Barclays lowered their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Wolfe Research upgraded 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. Finally, Wells Fargo & Company lowered their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $82.27.

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.