StoneX Group Inc. Acquires Shares of 13,382 Carrier Global Co. (NYSE:CARR)

StoneX Group Inc. bought a new stake in shares of Carrier Global Co. (NYSE:CARR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,382 shares of the company’s stock, valued at approximately $914,000.

Other institutional investors and hedge funds have also modified their holdings of the company. B. Metzler seel. Sohn & Co. AG increased its holdings in Carrier Global by 8.0% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 35,459 shares of the company’s stock worth $2,420,000 after buying an additional 2,637 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after purchasing an additional 340 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Carrier Global by 303.1% during the 4th quarter. Wellington Management Group LLP now owns 181,661 shares of the company’s stock valued at $12,400,000 after purchasing an additional 136,597 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Carrier Global by 19.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 72,270 shares of the company’s stock valued at $4,933,000 after purchasing an additional 11,565 shares during the last quarter. Finally, Allianz SE bought a new stake in Carrier Global in the fourth quarter worth $2,777,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Price Performance

NYSE:CARR opened at $63.40 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The company has a 50-day moving average of $65.81 and a 200-day moving average of $71.62. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a market capitalization of $54.78 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 2.01 and a beta of 1.35.

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

Analyst Ratings Changes

A number of analysts have weighed in on CARR shares. Barclays reduced their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. 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 research report on Friday, February 14th. Royal Bank of Canada decreased their price objective on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped their target price on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Five equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $82.27.

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.