Cibc World Markets Corp Purchases 18,387 Shares of Carrier Global Co. (NYSE:CARR)

Cibc World Markets Corp raised its position in Carrier Global Co. (NYSE:CARR) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,689 shares of the company’s stock after buying an additional 18,387 shares during the quarter. Cibc World Markets Corp’s holdings in Carrier Global were worth $8,921,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. acquired a new position in Carrier Global in the third quarter valued at about $200,000. Natixis Advisors LLC raised its position in shares of Carrier Global by 25.6% in the 3rd quarter. Natixis Advisors LLC now owns 280,146 shares of the company’s stock valued at $22,549,000 after buying an additional 57,042 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Carrier Global during the 3rd quarter worth approximately $373,000. GLOBALT Investments LLC GA boosted its position in shares of Carrier Global by 16.3% during the 3rd quarter. GLOBALT Investments LLC GA now owns 16,746 shares of the company’s stock worth $1,348,000 after acquiring an additional 2,351 shares in the last quarter. Finally, Drive Wealth Management LLC bought a new position in Carrier Global in the third quarter valued at approximately $215,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CARR shares. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Northcoast Research assumed coverage on Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating on the stock. Barclays lowered their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Wells Fargo & Company reduced their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Stock Down 0.6 %

Shares of CARR opened at $67.25 on Wednesday. The stock’s 50-day moving average price is $66.38 and its two-hundred day moving average price is $72.04. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company has a market capitalization of $58.10 billion, a PE ratio of 10.71, a PEG ratio of 2.01 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 period last year, the company earned $0.53 EPS. On average, analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

About Carrier Global

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.