Nomura Asset Management Co. Ltd. Buys 968 Shares of Carrier Global Co. (NYSE:CARR)

Nomura Asset Management Co. Ltd. grew its position in shares of Carrier Global Co. (NYSE:CARR) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 239,956 shares of the company’s stock after purchasing an additional 968 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Carrier Global were worth $16,379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BOK Financial Private Wealth Inc. raised 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 buying an additional 160 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Carrier Global during the 3rd quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in shares of Carrier Global in the 4th quarter worth about $31,000. Roxbury Financial LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at about $49,000. Finally, Centricity Wealth Management LLC bought a new stake in shares of Carrier Global during the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CARR. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research note on Monday, February 24th. Barclays cut 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 note on Wednesday. The Goldman Sachs Group began coverage on shares of Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company. Wells Fargo & Company cut their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Five 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 stock. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $82.27.

Carrier Global Trading Down 3.6 %

NYSE CARR opened at $63.28 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $54.67 billion, a P/E ratio of 10.08, a PEG ratio of 2.01 and a beta of 1.35. The business has a fifty day simple moving average of $66.08 and a 200 day simple moving average of $71.81. Carrier Global Co. has a 12 month low of $53.33 and a 12 month 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, 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 quarter last year, the company earned $0.53 EPS. On average, analysts predict that Carrier Global Co. will post 2.99 EPS for the current fiscal 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.