28,666 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new stake in shares of Carrier Global Co. (NYSE:CARR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 28,666 shares of the company’s stock, valued at approximately $1,957,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CARR. Capital Performance Advisors LLP acquired a new position in Carrier Global during the third quarter valued at approximately $44,000. Equitable Trust Co. grew its holdings in Carrier Global by 33.0% during the third quarter. Equitable Trust Co. now owns 4,832 shares of the company’s stock valued at $389,000 after purchasing an additional 1,200 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in Carrier Global during the third quarter valued at approximately $272,000. Verdence Capital Advisors LLC grew its holdings in Carrier Global by 2.2% during the third quarter. Verdence Capital Advisors LLC now owns 10,170 shares of the company’s stock valued at $819,000 after purchasing an additional 215 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in Carrier Global by 4.6% during the third quarter. Assetmark Inc. now owns 297,666 shares of the company’s stock valued at $23,959,000 after purchasing an additional 13,106 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Up 3.0 %

CARR opened at $67.36 on Monday. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm’s fifty day moving average price is $66.68 and its two-hundred day moving average price is $72.28. The company has a market capitalization of $58.20 billion, a P/E ratio of 10.73, a P/E/G ratio of 2.01 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CARR shares. Northcoast Research started coverage on shares of Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating on the stock. The Goldman Sachs Group started coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Friday, February 14th. Finally, Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Monday, February 24th. Five equities 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.