Carrier Global Co. (NYSE:CARR) Shares Acquired by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. increased its position in Carrier Global Co. (NYSE:CARR) by 9.8% in the fourth quarter, Holdings Channel reports. The firm owned 340,840 shares of the company’s stock after purchasing an additional 30,550 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Carrier Global were worth $23,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Flagship Wealth Advisors LLC bought a new position in Carrier Global during the 4th quarter worth approximately $54,000. Parallel Advisors LLC increased its holdings in shares of Carrier Global by 0.9% in the 4th quarter. Parallel Advisors LLC now owns 20,050 shares of the company’s stock valued at $1,369,000 after acquiring an additional 183 shares during the last quarter. Cibc World Markets Corp raised its position in shares of Carrier Global by 16.4% during the 4th quarter. Cibc World Markets Corp now owns 130,689 shares of the company’s stock valued at $8,921,000 after acquiring an additional 18,387 shares in the last quarter. GWN Securities Inc. bought a new position in Carrier Global during the fourth quarter worth $636,000. Finally, Corient Private Wealth LLC increased its stake in Carrier Global by 665.4% during the fourth quarter. Corient Private Wealth LLC now owns 474,834 shares of the company’s stock valued at $32,020,000 after purchasing an additional 412,799 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

NYSE CARR opened at $67.62 on Tuesday. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The firm has a market capitalization of $58.42 billion, a PE ratio of 10.77, a P/E/G ratio of 2.01 and a beta of 1.35. The company’s 50 day simple moving average is $66.39 and its 200 day simple moving average is $72.07. 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 (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) 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 previous year, the firm posted $0.53 EPS. As a group, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CARR shares. Royal Bank of Canada reduced their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Northcoast Research assumed coverage on Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. 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 objective for the company. Finally, Barclays reduced their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Five equities research 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global 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.