Intact Investment Management Inc. Acquires 4,660 Shares of Carrier Global Co. (NYSE:CARR)

Intact Investment Management Inc. grew its holdings in Carrier Global Co. (NYSE:CARR) by 38.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,700 shares of the company’s stock after purchasing an additional 4,660 shares during the period. Intact Investment Management Inc.’s holdings in Carrier Global were worth $1,140,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CARR. Meridian Wealth Management LLC raised its stake in shares of Carrier Global by 2.3% during the third quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company’s stock valued at $485,000 after acquiring an additional 137 shares during the last quarter. UMB Bank n.a. raised its stake 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 worth $907,000 after purchasing an additional 143 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock valued at $403,000 after acquiring an additional 147 shares in the last quarter. Great Valley Advisor Group Inc. boosted its holdings in Carrier Global by 1.6% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company’s stock worth $759,000 after acquiring an additional 150 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its stake in shares of Carrier Global by 1.2% in the 3rd quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock worth $991,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CARR shares. Wolfe Research raised 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 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. Northcoast Research assumed coverage on shares of Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating for the company. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. Finally, The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. 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, Carrier Global currently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Price Performance

Shares of CARR opened at $66.77 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $66.42 and its 200-day simple moving average is $72.09. The firm has a market capitalization of $57.68 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32.

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 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 in the previous year, the company earned $0.53 earnings per share. Equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal 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.