Nomura Asset Management Co. Ltd. Buys 968 Shares of Carrier Global Co. (NYSE:CARR)

Nomura Asset Management Co. Ltd. grew its stake in shares of Carrier Global Co. (NYSE:CARR) by 0.4% in the fourth quarter, Holdings Channel reports. The fund owned 239,956 shares of the company’s stock after acquiring an additional 968 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Carrier Global were worth $16,379,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. RFG Advisory LLC lifted its stake in Carrier Global by 36.2% in the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after purchasing an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC grew its stake in shares of Carrier Global by 1,156.1% during the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after acquiring an additional 19,018 shares during the period. Miracle Mile Advisors LLC purchased a new stake in Carrier Global in the 4th quarter worth about $2,213,000. Waldron Private Wealth LLC raised its stake in Carrier Global by 90.5% in the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company’s stock valued at $1,128,000 after acquiring an additional 7,854 shares during the period. Finally, Wellington Management Group LLP raised its stake in Carrier Global by 761.6% in the 3rd quarter. Wellington Management Group LLP now owns 45,064 shares of the company’s stock valued at $3,627,000 after acquiring an additional 39,834 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reduced 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 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 research note on Monday, February 24th. The Goldman Sachs Group assumed coverage on Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. Wells Fargo & Company reduced their price target on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Five equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $82.27.

Carrier Global Trading Down 3.6 %

Shares of Carrier Global stock opened at $63.28 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. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The firm has a market cap of $54.67 billion, a PE ratio of 10.08, a PEG ratio of 2.01 and a beta of 1.35. The company has a 50 day simple moving average of $66.08 and a two-hundred day simple moving average of $71.81.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the company posted $0.53 earnings per share. Analysts expect that Carrier Global Co. will post 2.99 earnings per share 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.