Wealthfront Advisers LLC Purchases 4,915,826 Shares of Carrier Global Co. (NYSE:CARR)

Wealthfront Advisers LLC raised its position in Carrier Global Co. (NYSE:CARR) by 5,840.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,000,000 shares of the company’s stock after purchasing an additional 4,915,826 shares during the period. Wealthfront Advisers LLC owned approximately 0.56% of Carrier Global worth $341,300,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CARR. Meridian Wealth Management LLC boosted its holdings in shares of Carrier Global by 2.3% in the third quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock valued at $485,000 after buying an additional 137 shares during the period. UMB Bank n.a. boosted its holdings in shares of Carrier Global by 1.1% in the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after buying an additional 143 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of Carrier Global by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock valued at $403,000 after buying an additional 147 shares during the period. Great Valley Advisor Group Inc. boosted its holdings in shares of Carrier Global by 1.6% in the third quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company’s stock valued at $759,000 after buying an additional 150 shares during the period. Finally, Ingalls & Snyder LLC boosted its holdings in shares of Carrier Global by 1.2% in the third quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock valued at $991,000 after buying an additional 150 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of several research analyst reports. Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wells Fargo & Company reduced their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Northcoast Research began coverage on shares of Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. The Goldman Sachs Group began coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Finally, JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Price Performance

Shares of CARR opened at $67.00 on Tuesday. The firm has a market capitalization of $57.88 billion, a PE ratio of 10.67, a PEG ratio of 2.01 and a beta of 1.35. The company’s 50-day moving average is $66.66 and its 200-day moving average is $72.27. 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.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 last year, the firm earned $0.53 EPS. Equities analysts forecast 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.