IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires Shares of 12,452 Carrier Global Co. (NYSE:CARR)

IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Carrier Global Co. (NYSE:CARR) during the fourth quarter, Holdings Channel.com reports. The firm acquired 12,452 shares of the company’s stock, valued at approximately $850,000.

Other institutional investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC lifted its holdings in Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock valued at $341,300,000 after acquiring an additional 4,915,826 shares during the period. Artisan Partners Limited Partnership acquired a new position in shares of Carrier Global in the 4th quarter valued at $166,061,000. FMR LLC boosted its holdings in Carrier Global by 36.2% during the third quarter. FMR LLC now owns 8,729,073 shares of the company’s stock worth $702,603,000 after buying an additional 2,320,909 shares in the last quarter. Zurich Insurance Group Ltd FI acquired a new stake in Carrier Global during the third quarter valued at $130,479,000. Finally, Raymond James Financial Inc. purchased a new position in Carrier Global in the fourth quarter valued at $108,433,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 1.9 %

Shares of Carrier Global stock opened at $65.67 on Friday. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. 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 has a market cap of $56.74 billion, a P/E ratio of 10.46, a P/E/G ratio of 2.01 and a beta of 1.35. The stock’s 50 day simple moving average is $66.21 and its 200-day simple moving average is $71.86.

Carrier Global (NYSE:CARR) last issued its 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 period in the previous year, the company posted $0.53 earnings per share. Analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CARR. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research report on Monday, February 24th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. Barclays decreased their target price on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday. Citigroup reduced their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Finally, The Goldman Sachs Group started coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Five investment 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 stock. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $82.27.

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.