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

Mizuho Securities USA LLC boosted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 45.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,084 shares of the company’s stock after acquiring an additional 24,643 shares during the period. Mizuho Securities USA LLC’s holdings in Carrier Global were worth $5,398,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BOK Financial Private Wealth Inc. raised its holdings 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 buying an additional 160 shares during the last quarter. FSA Wealth Management LLC purchased a new position in Carrier Global in the third quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global in the fourth quarter worth about $31,000. Roxbury Financial LLC purchased a new position in Carrier Global in the fourth quarter worth about $49,000. Finally, Centricity Wealth Management LLC purchased a new position in Carrier Global in the fourth quarter worth about $49,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $66.15 on Friday. The firm has a 50 day moving average of $66.32 and a 200 day moving average of $71.93. 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 firm has a market capitalization of $57.15 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth 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 announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (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 in the previous year, the firm earned $0.53 earnings per share. On average, research analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

CARR has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Wolfe Research raised shares of 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. Citigroup decreased their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 12th. Finally, The Goldman Sachs Group assumed coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective for the company. Five 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $82.53.

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.