Sei Investments Co. Purchases 597,653 Shares of Carrier Global Co. (NYSE:CARR)

Sei Investments Co. increased its holdings in Carrier Global Co. (NYSE:CARR) by 261.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 826,266 shares of the company’s stock after purchasing an additional 597,653 shares during the period. Sei Investments Co.’s holdings in Carrier Global were worth $56,401,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the stock. American Century Companies Inc. boosted its position in Carrier Global by 1.0% in the fourth quarter. American Century Companies Inc. now owns 93,610 shares of the company’s stock worth $6,390,000 after purchasing an additional 923 shares during the last quarter. Mizuho Securities USA LLC boosted its stake in Carrier Global by 45.3% in the 4th quarter. Mizuho Securities USA LLC now owns 79,084 shares of the company’s stock worth $5,398,000 after purchasing an additional 24,643 shares during the period. Adams Diversified Equity Fund Inc. increased its holdings in Carrier Global by 86.4% in the 4th quarter. Adams Diversified Equity Fund Inc. now owns 325,200 shares of the company’s stock valued at $22,198,000 after acquiring an additional 150,700 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Carrier Global by 57.7% in the fourth quarter. TD Private Client Wealth LLC now owns 13,554 shares of the company’s stock worth $925,000 after purchasing an additional 4,958 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC raised its holdings in shares of Carrier Global by 3.0% during the 4th quarter. Douglass Winthrop Advisors LLC now owns 79,124 shares of the company’s stock worth $5,401,000 after acquiring an additional 2,326 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Trading Down 0.4 %

NYSE CARR opened at $66.15 on Monday. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The company 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. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The firm’s fifty day moving average price is $66.32 and its 200 day moving average price is $71.95.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday, February 24th. Citigroup cut their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada lowered their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. Barclays cut their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group initiated coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $82.53.

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.