Caisse Des Depots ET Consignations Acquires Shares of 52,636 Carrier Global Co. (NYSE:CARR)

Caisse Des Depots ET Consignations bought a new position in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 52,636 shares of the company’s stock, valued at approximately $3,593,000.

Other large investors have also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in shares of Carrier Global in the 3rd quarter valued at about $28,000. BOK Financial Private Wealth Inc. boosted its holdings in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global in the fourth quarter valued at approximately $31,000. Centricity Wealth Management LLC acquired a new stake in Carrier Global during the fourth quarter worth approximately $49,000. Finally, Roxbury Financial LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE CARR opened at $66.99 on Thursday. 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 stock’s 50-day moving average is $66.29 and its two-hundred day moving average is $71.90. The firm has a market cap of $57.87 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 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 last year, the firm earned $0.53 earnings per share. On average, analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. 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. Citigroup cut their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a report on Friday, February 14th. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Finally, Barclays decreased their price target on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research note on Wednesday. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.27.

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.