Carrier Global Co. (NYSE:CARR) Shares Bought by Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD increased its holdings in Carrier Global Co. (NYSE:CARR) by 42.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 300,018 shares of the company’s stock after buying an additional 89,689 shares during the quarter. Carrier Global comprises approximately 1.6% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s investment portfolio, making the stock its 24th largest holding. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s holdings in Carrier Global were worth $20,530,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CARR. Wealthfront Advisers LLC boosted its position in Carrier Global by 5,840.1% in the 4th quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock worth $341,300,000 after purchasing an additional 4,915,826 shares in the last quarter. FMR LLC boosted its position in Carrier Global by 36.2% in the 3rd 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. Zurich Insurance Group Ltd FI purchased a new stake in Carrier Global in the 3rd quarter worth approximately $130,479,000. Raymond James Financial Inc. purchased a new stake in Carrier Global in the 4th quarter worth approximately $108,433,000. Finally, Mizuho Securities USA LLC boosted its position in Carrier Global by 1,428.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 987,500 shares of the company’s stock worth $79,484,000 after purchasing an additional 922,892 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 2.0 %

Shares of CARR opened at $65.74 on Wednesday. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The company has a market capitalization of $56.79 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The stock has a fifty day simple moving average of $66.61 and a two-hundred day simple moving average of $72.23. 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 earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (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 in the prior year, the firm posted $0.53 earnings per share. As a group, equities analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Citigroup lowered their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Northcoast Research began coverage on Carrier Global in a research report on Friday, November 22nd. They set a “neutral” rating on the stock. Barclays decreased their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday, February 14th. Finally, Wells Fargo & Company decreased their target price 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. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.53.

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.