Adams Diversified Equity Fund Inc. Grows Position in Carrier Global Co. (NYSE:CARR)

Adams Diversified Equity Fund Inc. raised its position in shares of Carrier Global Co. (NYSE:CARR) by 86.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,200 shares of the company’s stock after buying an additional 150,700 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Carrier Global were worth $22,198,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its holdings in Carrier Global by 57.7% during the 4th quarter. TD Private Client Wealth LLC now owns 13,554 shares of the company’s stock valued at $925,000 after buying an additional 4,958 shares in the last quarter. Douglass Winthrop Advisors LLC grew its holdings in Carrier Global by 3.0% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 79,124 shares of the company’s stock valued at $5,401,000 after buying an additional 2,326 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in Carrier Global during the 4th quarter valued at approximately $241,000. Teacher Retirement System of Texas grew its holdings in Carrier Global by 782.7% during the 4th quarter. Teacher Retirement System of Texas now owns 47,923 shares of the company’s stock valued at $3,271,000 after buying an additional 42,494 shares in the last quarter. Finally, Xponance Inc. grew its holdings in Carrier Global by 5.1% during the 4th quarter. Xponance Inc. now owns 120,262 shares of the company’s stock valued at $8,209,000 after buying an additional 5,871 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of several analyst reports. Northcoast Research initiated coverage on Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Citigroup lowered their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. The Goldman Sachs Group initiated coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. Finally, Royal Bank of Canada lowered their price objective on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Trading Down 1.9 %

CARR opened at $66.37 on Friday. The stock’s fifty day moving average is $66.32 and its two-hundred day moving average is $71.97. The company has a market capitalization of $57.34 billion, a P/E ratio of 10.57, a PEG 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. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 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 quarter in the prior year, the company posted $0.53 EPS. 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.