Camden National Bank Increases Stock Holdings in Carrier Global Co. (NYSE:CARR)

Camden National Bank raised its stake in shares of Carrier Global Co. (NYSE:CARR) by 44.6% during the fourth quarter, Holdings Channel reports. The firm owned 3,769 shares of the company’s stock after buying an additional 1,163 shares during the quarter. Camden National Bank’s holdings in Carrier Global were worth $257,000 at the end of the most recent quarter.

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

Carrier Global Stock Performance

NYSE:CARR opened at $67.36 on Friday. The stock has a 50-day simple moving average of $66.68 and a two-hundred day simple moving average of $72.24. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The firm has a market capitalization of $58.20 billion, a PE ratio of 10.73, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate 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. Analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a report on Monday, February 24th. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and raised their price target for the company from $77.00 to $78.00 in a report on Wednesday. Northcoast Research assumed coverage on shares of Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a research report on Wednesday, November 13th. Finally, Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Friday, February 14th. Five 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’s stock. According to data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target 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.