Carrier Global Co. (NYSE:CARR) Stake Boosted by Groupama Asset Managment

Groupama Asset Managment increased its position in shares of Carrier Global Co. (NYSE:CARR) by 23.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,914 shares of the company’s stock after buying an additional 2,491 shares during the quarter. Groupama Asset Managment’s holdings in Carrier Global were worth $881,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Carrier Global by 1.1% during the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock worth $907,000 after purchasing an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Carrier Global by 2.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after buying an additional 147 shares during the last quarter. Ingalls & Snyder LLC raised its position in Carrier Global by 1.2% during the third quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock valued at $991,000 after acquiring an additional 150 shares in the last quarter. Hanson & Doremus Investment Management lifted its stake in Carrier Global by 6.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock valued at $176,000 after acquiring an additional 150 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. grew its position in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $65.07 on Thursday. The company’s fifty day moving average is $65.71 and its two-hundred day moving average is $71.57. The firm has a market capitalization of $56.22 billion, a price-to-earnings ratio of 10.36, a P/E/G 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 52-week low of $53.33 and a 52-week high of $83.32.

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 last year, the business earned $0.53 EPS. Equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CARR shares. The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a report on Monday, February 24th. Citigroup reduced their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. 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 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $82.27.

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.