UniSuper Management Pty Ltd Grows Position in Carrier Global Co. (NYSE:CARR)

UniSuper Management Pty Ltd raised its position in Carrier Global Co. (NYSE:CARR) by 28.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 61,648 shares of the company’s stock after acquiring an additional 13,741 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Carrier Global were worth $4,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. increased its holdings in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after acquiring an additional 160 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Carrier Global in the third quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global in the fourth quarter valued at approximately $31,000. Roxbury Financial LLC acquired a new stake in Carrier Global during the fourth quarter worth approximately $49,000. Finally, Centricity Wealth Management LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR stock opened at $63.28 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a market cap of $54.67 billion, a price-to-earnings ratio of 10.08, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The stock has a 50 day simple moving average of $66.08 and a 200-day simple moving average of $71.81.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 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 in the prior year, the company earned $0.53 earnings per share. On average, equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Barclays dropped their target price on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective on the stock. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, February 24th. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company reduced their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $82.27.

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.