Daiwa Securities Group Inc. Grows Stock Position in Carrier Global Co. (NYSE:CARR)

Daiwa Securities Group Inc. raised its position in shares of Carrier Global Co. (NYSE:CARR) by 7.4% during the 4th quarter, Holdings Channel reports. The firm owned 107,827 shares of the company’s stock after buying an additional 7,387 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Carrier Global were worth $7,360,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CARR. CWA Asset Management Group LLC purchased a new stake in Carrier Global during the 3rd quarter valued at about $272,000. Sigma Planning Corp grew its stake in Carrier Global by 4.5% during the 3rd quarter. Sigma Planning Corp now owns 12,729 shares of the company’s stock valued at $1,025,000 after purchasing an additional 549 shares during the last quarter. Legacy Capital Wealth Partners LLC purchased a new stake in Carrier Global during the 3rd quarter valued at about $229,000. Ashton Thomas Securities LLC purchased a new stake in Carrier Global during the 3rd quarter valued at about $50,000. Finally, Wolverine Asset Management LLC purchased a new stake in Carrier Global during the 3rd quarter valued at about $1,368,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of several analyst reports. Citigroup decreased their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. Royal Bank of Canada lowered their target price 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. Northcoast Research began coverage on Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Trading Down 2.0 %

Shares of Carrier Global stock opened at $65.74 on Wednesday. The firm has a market capitalization of $56.79 billion, a PE ratio of 10.47, a P/E/G 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 firm’s 50-day moving average price is $66.61 and its 200 day moving average price is $72.23. 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 issued its quarterly earnings results 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 net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the firm posted $0.53 EPS. On average, sell-side analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal 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.