Camden National Bank Increases Stake in Carrier Global Co. (NYSE:CARR)

Camden National Bank raised its holdings in shares of Carrier Global Co. (NYSE:CARR) by 44.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,769 shares of the company’s stock after purchasing an additional 1,163 shares during the quarter. Camden National Bank’s holdings in Carrier Global were worth $257,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after buying an additional 2,320,909 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Carrier Global in the third quarter worth $130,479,000. Raymond James Financial Inc. purchased a new stake in Carrier Global during the 4th quarter worth about $108,433,000. Mizuho Securities USA LLC boosted its stake in Carrier Global by 1,428.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after purchasing an additional 922,892 shares during the period. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Carrier Global by 10,995.5% in the fourth quarter. Proficio Capital Partners LLC now owns 491,308 shares of the company’s stock worth $33,537,000 after buying an additional 486,880 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $67.36 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 stock has a market cap of $58.20 billion, a PE ratio of 10.73, a PEG ratio of 2.01 and a beta of 1.35. The company’s fifty day moving average is $66.68 and its 200 day moving average is $72.24. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $0.53 EPS. Research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CARR. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Friday, February 14th. The Goldman Sachs Group started coverage on Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Wells Fargo & Company decreased their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, Northcoast Research initiated coverage on Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

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.