OFI Invest Asset Management Invests $43.59 Million in Carrier Global Co. (NYSE:CARR)

OFI Invest Asset Management bought a new stake in Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 661,249 shares of the company’s stock, valued at approximately $43,589,000. Carrier Global makes up about 1.0% of OFI Invest Asset Management’s investment portfolio, making the stock its 25th biggest position. OFI Invest Asset Management owned about 0.07% of Carrier Global as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CARR. FMR LLC raised its holdings in shares of Carrier Global by 36.2% during the 3rd quarter. FMR LLC now owns 8,729,073 shares of the company’s stock valued at $702,603,000 after buying an additional 2,320,909 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of Carrier Global during the third quarter worth approximately $130,479,000. Raymond James Financial Inc. purchased a new stake in shares of Carrier Global in the 4th quarter valued at $108,433,000. Mizuho Securities USA LLC grew its holdings in shares of Carrier Global by 1,428.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock valued at $79,484,000 after purchasing an additional 922,892 shares during the last quarter. Finally, Proficio Capital Partners LLC raised its position in Carrier Global by 10,995.5% in the 4th quarter. Proficio Capital Partners LLC now owns 491,308 shares of the company’s stock worth $33,537,000 after purchasing an additional 486,880 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 3.0 %

CARR stock opened at $67.36 on Friday. The business has a 50 day moving average of $66.68 and a 200 day moving average of $72.27. The firm has a market cap of $58.20 billion, a PE ratio of 10.73, a price-to-earnings-growth 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. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

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

Analyst Ratings Changes

CARR has been the topic of a number of recent research reports. Royal Bank of Canada reduced their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $77.00 to $78.00 in a research report on Wednesday. Northcoast Research started coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating on the stock. Wells Fargo & Company lowered their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Friday, February 14th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.