2,432,778 Shares in Carrier Global Co. (NYSE:CARR) Acquired by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership bought a new stake in shares of Carrier Global Co. (NYSE:CARR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,432,778 shares of the company’s stock, valued at approximately $166,061,000. Artisan Partners Limited Partnership owned approximately 0.27% of Carrier Global at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. grew its stake in Carrier Global by 1.1% in the fourth 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 during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after acquiring an additional 147 shares during the last quarter. Ingalls & Snyder LLC raised its position 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 valued at $991,000 after purchasing an additional 150 shares during the last quarter. Hanson & Doremus Investment Management boosted its stake in Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after purchasing an additional 150 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its position in Carrier Global by 80.0% during the 4th 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 hedge funds and other institutional investors.

Carrier Global Trading Down 1.7 %

Shares of CARR opened at $66.99 on Thursday. The firm’s fifty day moving average is $66.29 and its two-hundred day moving average is $71.90. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock has a market cap of $57.87 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates 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 business posted $0.53 earnings per share. Research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on CARR shares. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Friday, February 14th. Barclays decreased their target price 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. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, February 24th. 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 research report on Wednesday, February 12th. Finally, Citigroup lowered their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.27.

About Carrier Global

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.