Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Carrier Global Co. (NYSE:CARR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Carrier Global Co. (NYSE:CARR) by 1.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 389,472 shares of the company’s stock after acquiring an additional 7,370 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Carrier Global were worth $26,585,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CARR. BOK Financial Private Wealth Inc. lifted its position in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares during the period. FSA Wealth Management LLC purchased a new position in Carrier Global during the 3rd quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the fourth quarter worth about $31,000. Coastline Trust Co purchased a new stake in Carrier Global in the third quarter worth about $37,000. Finally, Roxbury Financial LLC purchased a new stake in Carrier Global in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CARR. Royal Bank of Canada dropped their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 12th. Citigroup cut their target price 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. Northcoast Research started coverage on Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating for the company. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, November 13th. Finally, The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Performance

CARR stock opened at $65.74 on Wednesday. The company has a market cap of $56.79 billion, a P/E 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 current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The stock’s fifty day moving average price is $66.61 and its 200-day moving average price is $72.23.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping 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 business earned $0.53 EPS. On average, equities analysts forecast 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.