Blueshift Asset Management LLC Makes New $241,000 Investment in Carrier Global Co. (NYSE:CARR)

Blueshift Asset Management LLC acquired a new stake in Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,537 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors also recently modified their holdings of CARR. BOK Financial Private Wealth Inc. grew its holdings in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the period. FSA Wealth Management LLC bought a new position in shares of Carrier Global during the 3rd quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $31,000. Roxbury Financial LLC acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $49,000. Finally, Centricity Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter valued at $49,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on CARR shares. Royal Bank of Canada decreased their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Barclays reduced their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Citigroup lowered their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Northcoast Research started coverage on Carrier Global in a research note on Friday, November 22nd. They issued 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 company’s stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Performance

CARR opened at $66.15 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The firm has a market cap of $57.15 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The business’s fifty day moving average is $66.32 and its 200-day moving average is $71.92.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the business earned $0.53 EPS. Sell-side analysts expect that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

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.