Glaxis Capital Management LLC Buys Shares of 5,000 Carrier Global Co. (NYSE:CARR)

Glaxis Capital Management LLC bought a new stake in shares of Carrier Global Co. (NYSE:CARR) during the fourth quarter, Holdings Channel.com reports. The fund bought 5,000 shares of the company’s stock, valued at approximately $341,000. Carrier Global comprises 0.9% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cascade Financial Partners LLC raised its holdings in Carrier Global by 6.5% during the 4th quarter. Cascade Financial Partners LLC now owns 3,297 shares of the company’s stock valued at $225,000 after acquiring an additional 200 shares during the period. AGF Management Ltd. increased its holdings in shares of Carrier Global by 177.6% in the fourth quarter. AGF Management Ltd. now owns 8,411 shares of the company’s stock worth $574,000 after purchasing an additional 5,381 shares during the period. Wealthfront Advisers LLC increased its holdings in shares of Carrier Global by 5,840.1% in the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock worth $341,300,000 after purchasing an additional 4,915,826 shares during the period. Avantax Planning Partners Inc. increased its holdings in shares of Carrier Global by 15.5% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,381 shares of the company’s stock worth $231,000 after purchasing an additional 454 shares during the period. Finally, Citizens Financial Group Inc. RI increased its holdings in shares of Carrier Global by 11.7% in the fourth quarter. Citizens Financial Group Inc. RI now owns 16,876 shares of the company’s stock worth $1,152,000 after purchasing an additional 1,765 shares during the period. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the topic of several research analyst reports. UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price target on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Wells Fargo & Company decreased their price target 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. Royal Bank of Canada decreased their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Northcoast Research assumed coverage on shares of Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Down 2.0 %

Shares of NYSE:CARR opened at $65.74 on Wednesday. The stock’s 50-day moving average price is $66.61 and its 200-day moving average price is $72.23. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The stock has a market capitalization of $56.79 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company earned $0.53 EPS. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

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.