Carrier Global Co. (NYSE:CARR) Shares Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. raised its holdings in Carrier Global Co. (NYSE:CARR) by 9.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 340,840 shares of the company’s stock after acquiring an additional 30,550 shares during the period. Tocqueville Asset Management L.P.’s holdings in Carrier Global were worth $23,266,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Flagship Wealth Advisors LLC purchased a new position in shares of Carrier Global during the 4th quarter worth about $54,000. Parallel Advisors LLC increased its position in Carrier Global by 0.9% during the fourth quarter. Parallel Advisors LLC now owns 20,050 shares of the company’s stock worth $1,369,000 after purchasing an additional 183 shares during the last quarter. Cibc World Markets Corp raised its stake in Carrier Global by 16.4% during the fourth quarter. Cibc World Markets Corp now owns 130,689 shares of the company’s stock worth $8,921,000 after purchasing an additional 18,387 shares during the period. GWN Securities Inc. acquired a new position in shares of Carrier Global in the 4th quarter valued at $636,000. Finally, Corient Private Wealth LLC grew its stake in shares of Carrier Global by 665.4% during the 4th quarter. Corient Private Wealth LLC now owns 474,834 shares of the company’s stock valued at $32,020,000 after buying an additional 412,799 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CARR. Barclays cut their target price 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. Citigroup cut their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Friday, February 14th. Royal Bank of Canada dropped 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 report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $77.00 to $78.00 in a research report on Wednesday, March 5th. Five 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Price Performance

CARR opened at $67.62 on Tuesday. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. 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 cap of $58.42 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 2.01 and a beta of 1.35. The company has a fifty day simple moving average of $66.39 and a 200 day simple moving average of $72.07.

Carrier Global (NYSE:CARR) last announced its earnings results 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 return on equity of 18.82% and a net margin of 23.83%. During the same quarter last year, the business earned $0.53 EPS. Equities research analysts expect that Carrier Global Co. will post 2.99 EPS 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.