Carrier Global Co. (NYSE:CARR) Shares Purchased by AIA Group Ltd

AIA Group Ltd boosted its stake in shares of Carrier Global Co. (NYSE:CARR) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 170,538 shares of the company’s stock after purchasing an additional 285 shares during the period. AIA Group Ltd’s holdings in Carrier Global were worth $11,641,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CARR. Townsquare Capital LLC grew its stake in Carrier Global by 67.9% during the 3rd quarter. Townsquare Capital LLC now owns 16,337 shares of the company’s stock valued at $1,315,000 after purchasing an additional 6,608 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Carrier Global by 12.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 40,285 shares of the company’s stock worth $3,243,000 after buying an additional 4,400 shares during the period. Cobblestone Capital Advisors LLC NY raised its position in Carrier Global by 6.4% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 6,282 shares of the company’s stock worth $506,000 after buying an additional 380 shares during the last quarter. FSA Wealth Management LLC acquired a new stake in Carrier Global during the 3rd quarter valued at approximately $28,000. Finally, Benjamin Edwards Inc. boosted its holdings in shares of Carrier Global by 1,111.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 67,588 shares of the company’s stock valued at $5,440,000 after acquiring an additional 62,009 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $63.28 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market cap of $54.67 billion, a P/E ratio of 10.08, a P/E/G ratio of 2.01 and a beta of 1.35. The stock has a 50-day moving average of $66.08 and a two-hundred day moving average of $71.79. Carrier Global Co. has a 1-year low of $53.33 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR) last released its earnings results 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 previous year, the business posted $0.53 earnings per share. As a group, analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

CARR has been the topic of several recent research reports. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and upped their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. 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 report on Wednesday, February 12th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research report 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 for the company in a report on Wednesday, March 26th. Finally, Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Friday, February 14th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned 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 $82.27.

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.