Artisan Partners Limited Partnership Takes Position in Carrier Global Co. (NYSE:CARR)

Artisan Partners Limited Partnership bought a new stake in Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,432,778 shares of the company’s stock, valued at approximately $166,061,000.

Several other large investors have also modified their holdings of the business. UMB Bank n.a. raised its holdings in Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company’s stock valued at $907,000 after buying an additional 143 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of Carrier Global by 2.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company’s stock worth $403,000 after acquiring an additional 147 shares during the last quarter. Ingalls & Snyder LLC boosted its position in shares of Carrier Global by 1.2% during the 3rd quarter. Ingalls & Snyder LLC now owns 12,315 shares of the company’s stock worth $991,000 after purchasing an additional 150 shares during the period. Hanson & Doremus Investment Management boosted its position in shares of Carrier Global by 6.2% during the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company’s stock worth $176,000 after purchasing an additional 150 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its position in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $66.99 on Thursday. The company has a fifty day moving average of $66.29 and a two-hundred day moving average of $71.90. The company has a market capitalization of $57.87 billion, a PE ratio of 10.67, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Friday, February 14th. Wells Fargo & Company cut their price target on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Wolfe Research upgraded shares of Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Barclays decreased their price target on shares of Carrier Global from $87.00 to $83.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $77.00 to $78.00 in a research note on Wednesday, March 5th. Five investment 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’s stock. According to data from MarketBeat.com, Carrier Global presently 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.