Sei Investments Co. Has $56.40 Million Holdings in Carrier Global Co. (NYSE:CARR)

Sei Investments Co. grew its position in shares of Carrier Global Co. (NYSE:CARR) by 261.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 826,266 shares of the company’s stock after buying an additional 597,653 shares during the quarter. Sei Investments Co. owned approximately 0.09% of Carrier Global worth $56,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Quest Partners LLC acquired a new position in shares of Carrier Global during the 3rd quarter worth $373,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Carrier Global during the 3rd quarter worth $590,000. Advisors Asset Management Inc. grew its holdings in Carrier Global by 231.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 15,960 shares of the company’s stock valued at $1,285,000 after buying an additional 11,144 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Carrier Global by 10.1% in 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 period. Finally, Banco Santander S.A. bought a new stake in shares of Carrier Global in the third quarter valued at about $216,000. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the topic of several recent research reports. Citigroup decreased their target price on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Wolfe Research upgraded 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 research report on Monday, February 24th. Royal Bank of Canada dropped their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday, February 14th. Finally, Barclays reduced their price target on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Performance

NYSE CARR opened at $66.15 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $66.32 and a 200 day simple moving average of $71.95. The company has a market cap of $57.15 billion, a P/E ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32.

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