Carrier Global Co. (NYSE:CARR) Shares Purchased by Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD raised its position in shares of Carrier Global Co. (NYSE:CARR) by 42.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,822 shares of the company’s stock after purchasing an additional 30,711 shares during the period. Carrier Global accounts for approximately 1.7% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings, making the stock its 22nd biggest position. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in Carrier Global were worth $7,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. BOK Financial Private Wealth Inc. lifted its stake in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares during the period. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global in the 3rd quarter worth approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in shares of Carrier Global in the 4th quarter worth approximately $31,000. Coastline Trust Co acquired a new stake in shares of Carrier Global in the 3rd quarter worth approximately $37,000. Finally, Roxbury Financial LLC acquired a new stake in shares of Carrier Global in the 4th quarter worth approximately $49,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CARR has been the subject of several recent research reports. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their target price for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Northcoast Research initiated coverage on shares of Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating for the company. 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 research note on Monday, February 24th. Wells Fargo & Company cut their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Finally, Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Five 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 data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Down 2.0 %

CARR opened at $65.74 on Wednesday. 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 stock has a market capitalization of $56.79 billion, a PE ratio of 10.47, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32. The firm has a 50-day moving average price of $66.61 and a two-hundred day moving average price of $72.23.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping the consensus estimate 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 business posted $0.53 EPS. As a group, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

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.