Carrier Global Co. (NYSE:CARR) Holdings Raised by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 18.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,023 shares of the company’s stock after purchasing an additional 4,380 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in Carrier Global were worth $1,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. raised its position in Carrier Global by 7.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 107,827 shares of the company’s stock worth $7,360,000 after acquiring an additional 7,387 shares in the last quarter. Isthmus Partners LLC bought a new stake in Carrier Global in the fourth quarter worth about $317,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Carrier Global by 1.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 389,472 shares of the company’s stock worth $26,585,000 after acquiring an additional 7,370 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its position in Carrier Global by 7.9% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 11,583 shares of the company’s stock worth $791,000 after acquiring an additional 850 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. raised its position in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CARR shares. Wells Fargo & Company dropped 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 research report on Wednesday, February 12th. The Goldman Sachs Group started coverage on shares of Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target on the stock. Citigroup dropped their price target 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. Barclays cut their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Trading Down 2.0 %

NYSE:CARR opened at $65.74 on Wednesday. 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 fifty-two week low of $53.33 and a fifty-two week high of $83.32. The stock’s 50-day moving average is $66.61 and its two-hundred day moving average is $72.23. The stock has a market cap of $56.79 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating 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 quarter in the previous year, the firm posted $0.53 EPS. As a group, equities research analysts forecast that Carrier Global Co. will post 2.99 earnings per share for the current fiscal 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.