Blueshift Asset Management LLC Takes $241,000 Position in Carrier Global Co. (NYSE:CARR)

Blueshift Asset Management LLC purchased a new position in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,537 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in shares of Carrier Global during the 3rd quarter worth about $28,000. BOK Financial Private Wealth Inc. lifted its holdings in shares of Carrier Global by 80.0% during 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 during the period. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global in the fourth quarter valued at approximately $31,000. Centricity Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter valued at $49,000. Finally, Roxbury Financial LLC bought a new position in Carrier Global in the 4th quarter valued at $49,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CARR shares. Citigroup reduced their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their target price 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. Northcoast Research assumed coverage on Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Friday, February 14th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $66.15 on Friday. 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 firm has a market cap of $57.15 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The stock’s 50-day moving average is $66.32 and its 200-day moving average is $71.92. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $0.53 EPS. Equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

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.