Johnson Investment Counsel Inc. Boosts Holdings in Carrier Global Co. (NYSE:CARR)

Johnson Investment Counsel Inc. grew its position in shares of Carrier Global Co. (NYSE:CARR) by 18.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,023 shares of the company’s stock after purchasing an additional 4,380 shares during the period. Johnson Investment Counsel Inc.’s holdings in Carrier Global were worth $1,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. RFG Advisory LLC increased its stake in shares of Carrier Global by 36.2% in the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after buying an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in shares of Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after buying an additional 19,018 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Carrier Global by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after buying an additional 11,032 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Carrier Global by 39.0% in the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after buying an additional 38,365 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Carrier Global in the fourth quarter worth $2,213,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of CARR opened at $65.74 on Wednesday. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The company has a market cap of $56.79 billion, a price-to-earnings ratio of 10.47, 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 quick ratio of 0.96 and a current ratio of 1.25. The firm has a fifty day moving average of $66.61 and a 200-day moving average of $72.23.

Carrier Global (NYSE:CARR) last announced 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CARR. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research note on Friday, February 14th. Barclays decreased their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Wednesday, November 13th. Finally, Royal Bank of Canada decreased their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. 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 company’s stock. According to data from MarketBeat.com, Carrier Global presently has a consensus 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.