B. Metzler seel. Sohn & Co. AG Increases Stock Holdings in Carrier Global Co. (NYSE:CARR)

B. Metzler seel. Sohn & Co. AG boosted its position in shares of Carrier Global Co. (NYSE:CARR) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,459 shares of the company’s stock after purchasing an additional 2,637 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in Carrier Global were worth $2,420,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CARR. State Street Corp raised its position in shares of Carrier Global by 1.4% during the 3rd quarter. State Street Corp now owns 33,665,505 shares of the company’s stock valued at $2,709,736,000 after buying an additional 469,108 shares during the period. Geode Capital Management LLC increased its stake in Carrier Global by 1.7% during the third quarter. Geode Capital Management LLC now owns 16,937,689 shares of the company’s stock worth $1,357,961,000 after acquiring an additional 289,439 shares during the last quarter. Fisher Asset Management LLC raised its position in Carrier Global by 0.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,313,331 shares of the company’s stock valued at $977,028,000 after purchasing an additional 46,222 shares during the period. Norges Bank acquired a new position in shares of Carrier Global in the 4th quarter valued at $588,029,000. Finally, Pictet Asset Management Holding SA grew its holdings in shares of Carrier Global by 2.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,080,842 shares of the company’s stock worth $415,078,000 after purchasing an additional 126,174 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.0 %

Shares of Carrier Global stock opened at $63.40 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32. The company has a market capitalization of $54.78 billion, a P/E ratio of 10.10, a P/E/G ratio of 2.01 and a beta of 1.35. The company has a 50 day moving average of $65.81 and a 200 day moving average of $71.62.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (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 earnings per share. As a group, research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on CARR shares. 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 research report on Monday, February 24th. Barclays decreased their price objective on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Finally, Citigroup dropped their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research note on Monday, January 13th. 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. According to MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average price target of $82.27.

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.