Caisse Des Depots ET Consignations Takes $3.59 Million Position in Carrier Global Co. (NYSE:CARR)

Caisse Des Depots ET Consignations bought a new position in Carrier Global Co. (NYSE:CARR) during the 4th quarter, HoldingsChannel reports. The fund bought 52,636 shares of the company’s stock, valued at approximately $3,593,000.

Several other hedge funds also recently modified their holdings of CARR. RFG Advisory LLC raised its position in Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after purchasing an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings 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 worth $1,410,000 after purchasing an additional 19,018 shares during the last quarter. Cerity Partners LLC lifted 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 valued at $11,013,000 after purchasing an additional 38,365 shares during the period. Miracle Mile Advisors LLC acquired a new position in Carrier Global during the 4th quarter valued at about $2,213,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Carrier Global in the 3rd quarter valued at about $793,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CARR shares. 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 research note on Monday, February 24th. Wells Fargo & Company dropped their target price on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Barclays dropped their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday. Mizuho raised shares of 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. Finally, JPMorgan Chase & Co. raised 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 report on Wednesday, March 5th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $82.27.

Carrier Global Price Performance

Carrier Global stock opened at $66.99 on Thursday. The firm has a market cap of $57.87 billion, a PE ratio of 10.67, a price-to-earnings-growth 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. The stock’s fifty day moving average price is $66.29 and its two-hundred day moving average price is $71.90. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the company earned $0.53 EPS. As a group, research analysts expect 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.