Carrier Global Co. (NYSE:CARR) Shares Acquired by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC boosted its position in Carrier Global Co. (NYSE:CARR) by 3.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 79,124 shares of the company’s stock after buying an additional 2,326 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Carrier Global were worth $5,401,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. RFG Advisory LLC boosted its holdings in shares of Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after buying an additional 1,904 shares during the period. Princeton Global Asset Management LLC lifted its holdings in Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after acquiring an additional 19,018 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Carrier Global by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after acquiring an additional 11,032 shares during the period. Cerity Partners LLC grew its holdings in shares of Carrier Global by 39.0% during the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after purchasing an additional 38,365 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth approximately $2,213,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Monday, February 24th. Northcoast Research started coverage on shares of Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Barclays decreased their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, 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 on the stock. Five equities 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. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Performance

CARR opened at $66.37 on Friday. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The company has a market capitalization of $57.34 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The business has a 50 day moving average price of $66.32 and a two-hundred day moving average price of $71.97. 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 issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates 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 prior year, the business posted $0.53 earnings per share. Research analysts predict that Carrier Global Co. will post 2.99 EPS 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.