Puzo Michael J Increases Position in Carrier Global Co. (NYSE:CARR)

Puzo Michael J boosted its position in Carrier Global Co. (NYSE:CARR) by 16.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 101,577 shares of the company’s stock after acquiring an additional 14,088 shares during the period. Carrier Global comprises approximately 1.9% of Puzo Michael J’s holdings, making the stock its 25th biggest holding. Puzo Michael J’s holdings in Carrier Global were worth $6,934,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CARR. Atlas Capital Advisors Inc. lifted its holdings in shares of Carrier Global by 9,642.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 2,728 shares of the company’s stock worth $186,000 after acquiring an additional 2,700 shares during the period. ExodusPoint Capital Management LP raised its stake in Carrier Global by 90.4% during the fourth quarter. ExodusPoint Capital Management LP now owns 279,577 shares of the company’s stock worth $19,084,000 after purchasing an additional 132,749 shares during the period. World Investment Advisors acquired a new position in shares of Carrier Global in the 4th quarter valued at $272,000. Nicolet Advisory Services LLC grew its stake in shares of Carrier Global by 4.4% during the 4th quarter. Nicolet Advisory Services LLC now owns 9,041 shares of the company’s stock valued at $601,000 after buying an additional 384 shares during the period. Finally, Huntington National Bank increased its holdings in shares of Carrier Global by 3.6% during the 4th quarter. Huntington National Bank now owns 57,790 shares of the company’s stock worth $3,945,000 after buying an additional 2,007 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CARR. 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 research report on Wednesday, February 12th. The Goldman Sachs Group assumed coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. Finally, Wells Fargo & Company reduced their target price on shares of 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Carrier Global Trading Down 6.7 %

Shares of CARR opened at $60.69 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The stock has a 50-day moving average price of $65.53 and a 200 day moving average price of $71.50. The company has a market capitalization of $52.44 billion, a P/E ratio of 9.66, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $0.53 earnings per share. Sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

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.