Mizuho Securities USA LLC Boosts Stake in Carrier Global Co. (NYSE:CARR)

Mizuho Securities USA LLC grew its stake in shares of Carrier Global Co. (NYSE:CARR) by 45.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,084 shares of the company’s stock after buying an additional 24,643 shares during the quarter. Mizuho Securities USA LLC’s holdings in Carrier Global were worth $5,398,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CARR. Quest Partners LLC purchased a new stake in shares of Carrier Global during the 3rd quarter valued at $373,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Carrier Global during the 3rd quarter valued at $590,000. Advisors Asset Management Inc. grew its holdings in shares of Carrier Global by 231.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 15,960 shares of the company’s stock valued at $1,285,000 after purchasing an additional 11,144 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Carrier Global by 2.1% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 296,218 shares of the company’s stock valued at $23,843,000 after purchasing an additional 6,140 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Carrier Global by 10.1% during the 3rd quarter. Pacer Advisors Inc. now owns 79,226 shares of the company’s stock valued at $6,377,000 after purchasing an additional 7,265 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of several recent research reports. Mizuho raised shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, February 14th. Wolfe Research raised shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a report on Monday, February 24th. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their target price for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Finally, Wells Fargo & Company cut 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. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Trading Down 0.4 %

Shares of CARR opened at $66.15 on Friday. The firm’s 50-day moving average price is $66.32 and its 200-day moving average price is $71.93. The firm has a market capitalization of $57.15 billion, a price-to-earnings ratio of 10.53, a PEG 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 Co. has a 1-year low of $53.33 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 last year, the business posted $0.53 EPS. Sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current year.

About Carrier Global

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.