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

Financial Counselors Inc. lifted its stake in Carrier Global Co. (NYSE:CARR) by 16.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,640 shares of the company’s stock after purchasing an additional 1,199 shares during the quarter. Financial Counselors Inc.’s holdings in Carrier Global were worth $590,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC grew its holdings in Carrier Global by 5,840.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock valued at $341,300,000 after buying an additional 4,915,826 shares in the last quarter. FMR LLC increased its position in Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after purchasing an additional 2,320,909 shares during the last quarter. Zurich Insurance Group Ltd FI purchased a new position in Carrier Global during the third quarter worth about $130,479,000. Raymond James Financial Inc. acquired a new position in Carrier Global in the 4th quarter valued at about $108,433,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Carrier Global in the 4th quarter valued at approximately $43,589,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 3.6 %

Shares of NYSE CARR opened at $63.28 on Friday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The stock has a market cap of $54.67 billion, a P/E ratio of 10.08, 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. The business’s fifty day simple moving average is $66.08 and its 200-day simple moving average is $71.81.

Carrier Global (NYSE:CARR) last posted its quarterly 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 company posted $0.53 EPS. As a group, equities analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CARR. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Friday, February 14th. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Royal Bank of Canada lowered their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report 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 objective on the stock in a report on Monday, February 24th. Finally, Citigroup lowered their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. 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 company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.