794 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P purchased a new stake in Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 794 shares of the company’s stock, valued at approximately $54,000.

Other hedge funds have also recently bought and sold shares of the company. Townsquare Capital LLC increased its position in shares of Carrier Global by 67.9% during the 3rd quarter. Townsquare Capital LLC now owns 16,337 shares of the company’s stock worth $1,315,000 after purchasing an additional 6,608 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Carrier Global by 12.3% during the third quarter. Public Sector Pension Investment Board now owns 40,285 shares of the company’s stock worth $3,243,000 after buying an additional 4,400 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in shares of Carrier Global by 6.4% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 6,282 shares of the company’s stock valued at $506,000 after acquiring an additional 380 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Carrier Global in the 3rd quarter worth approximately $28,000. Finally, Benjamin Edwards Inc. increased its holdings in Carrier Global by 1,111.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 67,588 shares of the company’s stock valued at $5,440,000 after purchasing an additional 62,009 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CARR shares. Royal Bank of Canada reduced their price objective 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. 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. Citigroup lowered 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. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their price target for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Finally, Barclays dropped their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $82.27.

Carrier Global Price Performance

Shares of CARR opened at $63.28 on Monday. The stock has a market cap of $54.67 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The stock’s 50-day moving average price is $66.08 and its two-hundred day moving average price is $71.79. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

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

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.