Hemenway Trust Co LLC Increases Stock Holdings in Carrier Global Co. (NYSE:CARR)

Hemenway Trust Co LLC increased its stake in Carrier Global Co. (NYSE:CARR) by 14.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 328,789 shares of the company’s stock after acquiring an additional 40,766 shares during the quarter. Carrier Global comprises approximately 1.8% of Hemenway Trust Co LLC’s investment portfolio, making the stock its 24th biggest position. Hemenway Trust Co LLC’s holdings in Carrier Global were worth $22,443,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CARR. Jacobs Levy Equity Management Inc. purchased a new position in shares of Carrier Global in the third quarter valued at approximately $3,497,000. IHT Wealth Management LLC lifted its holdings in Carrier Global by 139.7% in the 3rd quarter. IHT Wealth Management LLC now owns 10,991 shares of the company’s stock valued at $883,000 after purchasing an additional 6,405 shares in the last quarter. Morse Asset Management Inc acquired a new stake in Carrier Global during the 3rd quarter worth $201,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Carrier Global during the third quarter worth $2,197,000. Finally, Royal London Asset Management Ltd. raised its position in shares of Carrier Global by 1.8% in the third quarter. Royal London Asset Management Ltd. now owns 373,079 shares of the company’s stock valued at $30,029,000 after buying an additional 6,727 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Down 6.0 %

NYSE CARR opened at $57.06 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 stock has a market capitalization of $49.30 billion, a P/E ratio of 9.09, a PEG ratio of 2.01 and a beta of 1.33. The firm’s 50-day moving average is $65.27 and its two-hundred day moving average is $71.36. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data 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 net margin of 23.83% and a return on equity of 18.82%. During the same period last year, the company posted $0.53 EPS. On average, sell-side analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Citigroup lowered 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 report on Monday, January 13th. The Goldman Sachs Group assumed coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price on the stock. JPMorgan Chase & Co. raised Carrier Global from a “neutral” rating to an “overweight” rating and increased their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Royal Bank of Canada lowered their price objective on 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, Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, February 14th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.27.

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.