Mitsubishi UFJ Asset Management Co. Ltd. Has $94.59 Million Holdings in Carrier Global Co. (NYSE:CARR)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Carrier Global Co. (NYSE:CARR) by 10.3% in the 4th quarter, Holdings Channel reports. The fund owned 1,366,157 shares of the company’s stock after buying an additional 127,914 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Carrier Global were worth $94,592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Korea Investment CORP lifted its stake in Carrier Global by 43.8% in the 4th quarter. Korea Investment CORP now owns 498,385 shares of the company’s stock valued at $34,020,000 after purchasing an additional 151,770 shares during the last quarter. Ausdal Financial Partners Inc. increased its holdings in shares of Carrier Global by 69.2% during the fourth quarter. Ausdal Financial Partners Inc. now owns 4,280 shares of the company’s stock worth $292,000 after buying an additional 1,750 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new position in shares of Carrier Global in the 4th quarter valued at $307,000. Financial Counselors Inc. boosted its holdings in shares of Carrier Global by 16.1% during the 4th quarter. Financial Counselors Inc. now owns 8,640 shares of the company’s stock valued at $590,000 after acquiring an additional 1,199 shares in the last quarter. Finally, Summitry LLC grew its position in Carrier Global by 3.2% during the 4th quarter. Summitry LLC now owns 531,044 shares of the company’s stock worth $36,249,000 after acquiring an additional 16,473 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 1.9 %

Carrier Global stock opened at $65.67 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $56.74 billion, a PE ratio of 10.46, a PEG ratio of 2.01 and a beta of 1.35. The firm’s fifty day moving average is $66.21 and its 200 day moving average is $71.86. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32.

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

Wall Street Analyst Weigh In

CARR has been the topic of several research reports. Citigroup reduced their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report 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 company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Barclays decreased their price objective on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company cut their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Five research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.27.

About Carrier Global

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.