Carrier Global Co. (NYSE:CARR) Position Raised by Montis Financial LLC

Montis Financial LLC lifted its position in shares of Carrier Global Co. (NYSE:CARR) by 7.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,095 shares of the company’s stock after acquiring an additional 300 shares during the period. Montis Financial LLC’s holdings in Carrier Global were worth $280,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Intact Investment Management Inc. raised its stake in Carrier Global by 38.7% during the 4th quarter. Intact Investment Management Inc. now owns 16,700 shares of the company’s stock valued at $1,140,000 after acquiring an additional 4,660 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Carrier Global by 6.5% during the fourth quarter. HBK Sorce Advisory LLC now owns 9,420 shares of the company’s stock valued at $643,000 after purchasing an additional 578 shares in the last quarter. Tredje AP fonden raised its stake in shares of Carrier Global by 22.1% during the fourth quarter. Tredje AP fonden now owns 693,700 shares of the company’s stock valued at $47,352,000 after purchasing an additional 125,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Carrier Global by 602.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 51,432 shares of the company’s stock worth $3,511,000 after purchasing an additional 44,105 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in Carrier Global by 8.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 91,180 shares of the company’s stock valued at $6,224,000 after buying an additional 7,432 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE CARR opened at $66.77 on Friday. 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 has a market capitalization of $57.68 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a 50 day simple moving average of $66.42 and a 200-day simple moving average of $72.09. Carrier Global Co. has a 52-week low of $53.33 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company posted $0.53 earnings per share. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada cut their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group initiated coverage on Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Wells Fargo & Company cut their price objective on 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, JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Five 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.