DnB Asset Management AS Acquires 3,951 Shares of Carrier Global Co. (NYSE:CARR)

DnB Asset Management AS lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 212,678 shares of the company’s stock after purchasing an additional 3,951 shares during the quarter. DnB Asset Management AS’s holdings in Carrier Global were worth $14,517,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of CARR. UMB Bank n.a. grew its position 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 valued at $907,000 after purchasing an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock valued at $403,000 after purchasing an additional 147 shares during the last quarter. Ingalls & Snyder LLC increased its holdings in shares of Carrier Global by 1.2% in the 3rd quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock worth $991,000 after buying an additional 150 shares during the last quarter. Hanson & Doremus Investment Management grew its position in Carrier Global by 6.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after acquiring an additional 150 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its stake in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after purchasing an additional 160 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

NYSE CARR opened at $63.28 on Friday. The stock has a market capitalization of $54.67 billion, a price-to-earnings ratio of 10.08, a PEG 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 business’s fifty day moving average price is $66.08 and its 200-day moving average price is $71.81. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings results 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 firm earned $0.53 EPS. On average, equities analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Monday, February 24th. Barclays decreased their target price on shares of 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 Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Finally, Royal Bank of Canada decreased their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Carrier Global has an average rating of “Moderate Buy” and a consensus 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.