Carrier Global Co. (NYSE:CARR) Shares Bought by Korea Investment CORP

Korea Investment CORP increased its position in Carrier Global Co. (NYSE:CARR) by 43.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 498,385 shares of the company’s stock after acquiring an additional 151,770 shares during the period. Korea Investment CORP owned approximately 0.06% of Carrier Global worth $34,020,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. boosted its position in Carrier Global by 80.0% during 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 bought a new stake in shares of Carrier Global during the third quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global in the fourth quarter worth about $31,000. Roxbury Financial LLC bought a new position in Carrier Global in the 4th quarter valued at about $49,000. Finally, Centricity Wealth Management LLC acquired a new position in Carrier Global during the 4th quarter valued at about $49,000. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. The Goldman Sachs Group initiated coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price for the company. Barclays lowered their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research report on Wednesday. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Finally, Wells Fargo & Company lowered their target price 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 issued a strong buy rating to the company. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.27.

Carrier Global Stock Performance

Shares of CARR opened at $63.28 on Friday. The company has a 50-day moving average of $66.08 and a two-hundred day moving average of $71.81. The stock has a market cap of $54.67 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 period last year, the business posted $0.53 earnings per share. On average, equities research analysts expect 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.