Carrier Global Co. (NYSE:CARR) Shares Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. increased its position in Carrier Global Co. (NYSE:CARR) by 38.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,700 shares of the company’s stock after acquiring an additional 4,660 shares during the quarter. Intact Investment Management Inc.’s holdings in Carrier Global were worth $1,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CARR. Versor Investments LP purchased a new position in Carrier Global in the 3rd quarter valued at about $338,000. Harbour Investments Inc. increased its stake in shares of Carrier Global by 8.5% during the 3rd quarter. Harbour Investments Inc. now owns 7,042 shares of the company’s stock valued at $567,000 after acquiring an additional 553 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in Carrier Global by 39.4% in the third quarter. Aptus Capital Advisors LLC now owns 9,324 shares of the company’s stock valued at $750,000 after purchasing an additional 2,633 shares during the period. Empower Advisory Group LLC acquired a new position in shares of Carrier Global in the 3rd quarter valued at $224,000. Finally, Haverford Trust Co increased its holdings in shares of Carrier Global by 2.6% during the 3rd quarter. Haverford Trust Co now owns 8,247 shares of the company’s stock worth $664,000 after buying an additional 211 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR opened at $66.77 on Friday. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The stock has a market cap of $57.68 billion, a PE ratio of 10.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The business’s 50 day moving average is $66.42 and its 200-day moving average is $72.09. 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 posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share 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 in the prior year, the company earned $0.53 earnings per share. On average, analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of research reports. The Goldman Sachs Group began coverage on Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Citigroup lowered their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Royal Bank of Canada dropped their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Finally, Barclays cut their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $82.53.

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.