Carrier Global Co. (NYSE:CARR) Shares Acquired by AGF Management Ltd.

AGF Management Ltd. boosted its stake in shares of Carrier Global Co. (NYSE:CARR) by 177.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,411 shares of the company’s stock after purchasing an additional 5,381 shares during the quarter. AGF Management Ltd.’s holdings in Carrier Global were worth $574,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. RFG Advisory LLC raised its holdings in shares of Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after buying an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC increased its position in Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after acquiring an additional 19,018 shares during the period. Daiwa Securities Group Inc. raised its stake in Carrier Global by 12.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after acquiring an additional 11,032 shares in the last quarter. Cerity Partners LLC boosted its position in Carrier Global by 39.0% during the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after acquiring an additional 38,365 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in shares of Carrier Global in the fourth quarter worth $2,213,000. 91.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Northcoast Research began coverage on shares of Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating on the stock. 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 report on Wednesday, March 5th. Finally, Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Performance

Shares of CARR opened at $66.77 on Friday. The company has a 50-day moving average of $66.42 and a two-hundred day moving average of $72.09. The stock has a market cap of $57.68 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

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 net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the business posted $0.53 earnings per share. On average, equities research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

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.