Amundi Raises Stock Holdings in Carrier Global Co. (NYSE:CARR)

Amundi raised its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,711,265 shares of the company’s stock after purchasing an additional 43,748 shares during the period. Amundi owned 0.41% of Carrier Global worth $254,030,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. FSA Wealth Management LLC purchased a new stake in shares of Carrier Global during the 3rd quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global during the 4th quarter valued at $31,000. Coastline Trust Co purchased a new position in shares of Carrier Global in the third quarter valued at about $37,000. Capital Performance Advisors LLP bought a new stake in shares of Carrier Global during the third quarter valued at approximately $44,000. Finally, Roxbury Financial LLC purchased a new stake in Carrier Global in the 4th quarter worth $49,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Citigroup decreased their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. The Goldman Sachs Group initiated coverage on Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Barclays reduced their price objective on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada dropped their target price 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. Finally, JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $77.00 to $78.00 in a report on Wednesday. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Up 3.0 %

Shares of NYSE:CARR opened at $67.36 on Friday. The firm’s 50 day moving average price is $66.68 and its 200 day moving average price is $72.27. 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 $58.20 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a fifty-two week low of $53.33 and a fifty-two week high of $83.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 prior year, the company posted $0.53 EPS. As a group, equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global 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.