Xponance Inc. Purchases 5,871 Shares of Carrier Global Co. (NYSE:CARR)

Xponance Inc. grew its stake in shares of Carrier Global Co. (NYSE:CARR) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,262 shares of the company’s stock after buying an additional 5,871 shares during the quarter. Xponance Inc.’s holdings in Carrier Global were worth $8,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FSA Wealth Management LLC acquired a new position in shares of Carrier Global during the third quarter worth $28,000. BOK Financial Private Wealth Inc. lifted its holdings 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 buying an additional 160 shares during the period. Bradley & Co. Private Wealth Management LLC acquired a new position in shares of Carrier Global during the fourth quarter valued at about $31,000. Centricity Wealth Management LLC acquired a new position in shares of Carrier Global during the fourth quarter valued at about $49,000. Finally, Roxbury Financial LLC acquired a new position in shares of Carrier Global during the fourth quarter valued at about $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR stock opened at $67.25 on Wednesday. The firm has a market cap of $58.10 billion, a P/E ratio of 10.71, a P/E/G ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The firm’s fifty day moving average is $66.38 and its 200 day moving average is $72.04.

Carrier Global (NYSE:CARR) last announced its quarterly 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 net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the firm posted $0.53 EPS. Research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Wells Fargo & Company decreased their target price on shares of 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. Northcoast Research initiated coverage on shares of Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating on the stock. Citigroup dropped their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Royal Bank of Canada dropped their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Carrier Global currently 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.