Mackenzie Financial Corp Buys 2,404 Shares of Carrier Global Co. (NYSE:CARR)

Mackenzie Financial Corp raised its stake in shares of Carrier Global Co. (NYSE:CARR) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 563,348 shares of the company’s stock after purchasing an additional 2,404 shares during the period. Mackenzie Financial Corp owned 0.07% of Carrier Global worth $32,364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CARR. Larson Financial Group LLC lifted its holdings in shares of Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after acquiring an additional 221 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Carrier Global in the 3rd quarter valued at about $28,000. VisionPoint Advisory Group LLC bought a new position in shares of Carrier Global in the 3rd quarter valued at about $30,000. Covestor Ltd lifted its holdings in shares of Carrier Global by 121.2% in the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock valued at $25,000 after acquiring an additional 303 shares during the last quarter. Finally, Planned Solutions Inc. bought a new position in shares of Carrier Global in the 4th quarter valued at about $33,000. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on CARR shares. Royal Bank of Canada decreased their price objective on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Barclays raised their price objective on shares of Carrier Global from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup raised their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company reduced their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.77.

Carrier Global Stock Performance

NYSE:CARR opened at $54.26 on Thursday. Carrier Global Co. has a 1-year low of $40.28 and a 1-year high of $60.87. The company’s 50-day moving average is $56.45 and its two-hundred day moving average is $54.76. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40. The firm has a market capitalization of $48.84 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.34 and a beta of 1.39.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.22 billion. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. Analysts forecast that Carrier Global Co. will post 2.82 EPS for the current year.

Insider Activity at Carrier Global

In related news, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the completion of the sale, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at $22,899,281.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the transaction, the vice president now directly owns 66,083 shares of the company’s stock, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Insiders own 6.95% of the company’s stock.

Carrier Global 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.