Carrier Global Co. (NYSE:CARR) Shares Purchased by Candriam S.C.A.

Candriam S.C.A. increased its position in shares of Carrier Global Co. (NYSE:CARR) by 1.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 83,924 shares of the company’s stock after acquiring an additional 825 shares during the period. Candriam S.C.A.’s holdings in Carrier Global were worth $5,729,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CARR. Lindbrook Capital LLC raised its position in Carrier Global by 2.3% in the 4th quarter. Lindbrook Capital LLC now owns 12,138 shares of the company’s stock valued at $829,000 after purchasing an additional 271 shares in the last quarter. Carmel Capital Partners LLC raised its position in Carrier Global by 7.1% in the 4th quarter. Carmel Capital Partners LLC now owns 16,307 shares of the company’s stock valued at $1,113,000 after purchasing an additional 1,082 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Carrier Global in the 4th quarter valued at about $108,433,000. Cullen Frost Bankers Inc. raised its position in Carrier Global by 4.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 136,541 shares of the company’s stock valued at $9,320,000 after purchasing an additional 6,316 shares in the last quarter. Finally, Arizona State Retirement System raised its position in Carrier Global by 0.3% in the 4th quarter. Arizona State Retirement System now owns 233,204 shares of the company’s stock valued at $15,919,000 after purchasing an additional 696 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CARR. The Goldman Sachs Group started coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $77.00 to $78.00 in a report on Wednesday. UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Wednesday, November 13th. Wells Fargo & Company dropped their price objective 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. Finally, Royal Bank of Canada dropped their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Trading Up 3.0 %

NYSE:CARR opened at $67.36 on Friday. The stock’s 50 day moving average price is $66.68 and its 200 day moving average price is $72.27. The company has a market capitalization of $58.20 billion, a PE ratio of 10.73, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same quarter in the prior year, the firm posted $0.53 EPS. On average, research analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

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.