Carrier Global Co. (NYSE:CARR) Stock Position Increased by Groupama Asset Managment

Groupama Asset Managment raised its position in shares of Carrier Global Co. (NYSE:CARR) by 23.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,914 shares of the company’s stock after purchasing an additional 2,491 shares during the period. Groupama Asset Managment’s holdings in Carrier Global were worth $881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. UMB Bank n.a. grew its holdings in Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after buying an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake 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 worth $403,000 after purchasing an additional 147 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in shares of Carrier Global by 1.2% during the third quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock valued at $991,000 after purchasing an additional 150 shares during the period. Hanson & Doremus Investment Management raised its stake in shares of Carrier Global by 6.2% during the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock valued at $176,000 after purchasing an additional 150 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. lifted 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 worth $25,000 after purchasing an additional 160 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 2.4 %

Shares of NYSE:CARR opened at $65.07 on Thursday. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The company has a market cap of $56.22 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The firm has a 50 day simple moving average of $65.71 and a 200 day simple moving average of $71.57.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 period last year, the company earned $0.53 earnings per share. As a group, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

CARR has been the topic of a number of recent analyst reports. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Friday, February 14th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday, February 24th. Wells Fargo & Company lowered their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada cut their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Barclays lowered their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

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.