Carrier Global Co. (NYSE:CARR) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 236.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 484 shares of the company’s stock after acquiring an additional 340 shares during the quarter. Meeder Asset Management Inc.’s holdings in Carrier Global were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. RFG Advisory LLC increased its position in shares of Carrier Global by 36.2% during the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after purchasing an additional 1,904 shares during the period. Princeton Global Asset Management LLC raised its position in Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after acquiring an additional 19,018 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Carrier Global in the 4th quarter valued at about $2,213,000. Waldron Private Wealth LLC boosted its position in shares of Carrier Global by 90.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock valued at $1,128,000 after purchasing an additional 7,854 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Carrier Global by 761.6% in the 3rd quarter. Wellington Management Group LLP now owns 45,064 shares of the company’s stock worth $3,627,000 after purchasing an additional 39,834 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 2.4 %

Carrier Global stock opened at $65.07 on Thursday. 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 Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company’s fifty day simple moving average is $65.71 and its 200-day simple moving average is $71.57. The stock has a market cap of $56.22 billion, a P/E ratio of 10.36, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued its earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same period last year, the company posted $0.53 EPS. As a group, sell-side analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wolfe Research upgraded 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 report on Monday, February 24th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Friday, February 14th. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $77.00 to $78.00 in a research report on Wednesday, March 5th. 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 target on the stock. Finally, Wells Fargo & Company cut their price objective on 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 assigned a strong buy rating to the company. According to MarketBeat.com, 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.