Carrier Global Co. (NYSE:CARR) Shares Bought by Candriam S.C.A.

Candriam S.C.A. raised its holdings in Carrier Global Co. (NYSE:CARR) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,924 shares of the company’s stock after purchasing an additional 825 shares during the period. Candriam S.C.A.’s holdings in Carrier Global were worth $5,729,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its holdings in Carrier Global by 1.4% in the third quarter. State Street Corp now owns 33,665,505 shares of the company’s stock valued at $2,709,736,000 after purchasing an additional 469,108 shares during the period. Geode Capital Management LLC increased its position in shares of Carrier Global by 1.7% during the third quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company’s stock worth $1,357,961,000 after purchasing an additional 289,439 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Carrier Global by 0.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock worth $977,028,000 after purchasing an additional 46,222 shares in the last quarter. FMR LLC increased its position in shares of Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after purchasing an additional 2,320,909 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Carrier Global by 1.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,993,169 shares of the company’s stock worth $482,390,000 after purchasing an additional 110,988 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Performance

NYSE CARR opened at $67.36 on Friday. The stock has a market cap of $58.20 billion, a PE ratio of 10.73, a P/E/G 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 Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a fifty day simple moving average of $66.68 and a 200-day simple moving average of $72.27.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share 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 in the previous year, the firm posted $0.53 earnings per share. Equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on CARR shares. Wells Fargo & Company dropped their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group started coverage on Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target for the company. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $77.00 to $78.00 in a research report on Wednesday. Northcoast Research started coverage on Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating for the company. Finally, UBS Group upgraded Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.53.

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.