Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Carrier Global Co. (NYSE:CARR – Get Rating) by 8.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 59,869 shares of the company’s stock after buying an additional 4,525 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Carrier Global were worth $2,135,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CARR. Covestor Ltd boosted its holdings in shares of Carrier Global by 121.2% during the 1st quarter. Covestor Ltd now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 303 shares during the last quarter. Intelligent Financial Strategies acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $27,000. San Luis Wealth Advisors LLC acquired a new position in shares of Carrier Global during the 1st quarter worth approximately $28,000. Capital Advisory Group Advisory Services LLC acquired a new position in shares of Carrier Global during the 1st quarter worth approximately $30,000. Finally, Bivin & Associates Inc. acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $35,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.
Carrier Global Stock Down 3.5 %
Carrier Global stock opened at $36.20 on Friday. Carrier Global Co. has a twelve month low of $34.12 and a twelve month high of $57.97. The stock’s fifty day simple moving average is $40.40 and its 200-day simple moving average is $40.32. The company has a current ratio of 1.67, a quick ratio of 1.25 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $30.47 billion, a P/E ratio of 11.53, a P/E/G ratio of 1.80 and a beta of 1.34.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of Carrier Global from $43.00 to $44.00 and gave the company an “overweight” rating in a research report on Thursday, September 1st. Credit Suisse Group set a $41.00 price target on shares of Carrier Global in a research report on Tuesday, July 19th. KeyCorp lifted their price target on shares of Carrier Global from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, September 6th. Jefferies Financial Group reduced their price target on shares of Carrier Global from $55.00 to $47.00 in a research report on Friday, July 15th. Finally, Mizuho reduced their price target on shares of Carrier Global from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday, July 18th. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Carrier Global has an average rating of “Hold” and an average target price of $47.08.
About Carrier Global
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.
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