Mackenzie Financial Corp Has $32.36 Million Stake in Carrier Global Co. (NYSE:CARR)

Mackenzie Financial Corp raised its position in Carrier Global Co. (NYSE:CARR) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 563,348 shares of the company’s stock after purchasing an additional 2,404 shares during the period. Mackenzie Financial Corp’s holdings in Carrier Global were worth $32,364,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Covestor Ltd lifted its position in shares of Carrier Global by 121.2% in the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 303 shares during the period. OFI Invest Asset Management acquired a new position in shares of Carrier Global during the 3rd quarter valued at $28,000. Larson Financial Group LLC lifted its position in shares of Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after acquiring an additional 221 shares during the period. VisionPoint Advisory Group LLC acquired a new position in shares of Carrier Global during the 3rd quarter valued at $30,000. Finally, GHP Investment Advisors Inc. lifted its position in shares of Carrier Global by 205.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 595 shares of the company’s stock valued at $31,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $54.26 on Thursday. Carrier Global Co. has a 1 year low of $40.28 and a 1 year high of $60.87. The company has a debt-to-equity ratio of 1.58, a current ratio of 2.73 and a quick ratio of 2.40. The firm has a market cap of $48.84 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.34 and a beta of 1.39. The company has a fifty day moving average price of $56.45 and a 200-day moving average price of $54.76.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, February 6th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. Carrier Global had a net margin of 6.10% and a return on equity of 27.19%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. During the same quarter in the prior year, the business posted $0.40 EPS. The business’s revenue was down .1% compared to the same quarter last year. As a group, equities research analysts predict that Carrier Global Co. will post 2.82 EPS for the current fiscal year.

Insider Activity at Carrier Global

In related news, VP Kevin J. O’connor sold 26,551 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the transaction, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the sale, the vice president now directly owns 66,083 shares of the company’s stock, valued at $3,553,282.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David L. Gitlin sold 354,539 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the transaction, the chief executive officer now owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. 6.95% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Carrier Global from $71.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company dropped their target price on shares of Carrier Global from $63.00 to $57.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Royal Bank of Canada decreased their price target on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, February 7th. Finally, Citigroup boosted their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.77.

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.