Cacti Asset Management LLC Raises Stock Position in Carrier Global Co. (NYSE:CARR)

Cacti Asset Management LLC raised its position in Carrier Global Co. (NYSE:CARR) by 15.0% in the first quarter, Holdings Channel reports. The institutional investor owned 47,091 shares of the company’s stock after purchasing an additional 6,149 shares during the period. Cacti Asset Management LLC’s holdings in Carrier Global were worth $1,988,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CARR. Simon Quick Advisors LLC increased its holdings in Carrier Global by 673.8% in the fourth quarter. Simon Quick Advisors LLC now owns 650 shares of the company’s stock valued at $25,000 after buying an additional 566 shares in the last quarter. Advisory Alpha LLC acquired a new position in Carrier Global during the third quarter worth about $26,000. Birchcreek Wealth Management LLC acquired a new position in Carrier Global during the fourth quarter worth about $26,000. Tacita Capital Inc acquired a new position in Carrier Global during the fourth quarter worth about $27,000. Finally, Ironwood Wealth Management LLC. acquired a new position in Carrier Global during the fourth quarter worth about $29,000. 83.02% of the stock is owned by institutional investors.

NYSE CARR traded down $0.41 on Wednesday, hitting $42.40. 20,483 shares of the stock were exchanged, compared to its average volume of 5,892,441. The company has a current ratio of 1.80, a quick ratio of 1.50 and a debt-to-equity ratio of 2.16. Carrier Global Co. has a fifty-two week low of $12.26 and a fifty-two week high of $43.48. The company has a 50-day moving average price of $39.04 and a 200-day moving average price of $37.24.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Monday, February 8th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05). Carrier Global had a return on equity of 24.00% and a net margin of 8.86%. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.50 billion. The company’s revenue was up 2.1% on a year-over-year basis. As a group, research analysts expect that Carrier Global Co. will post 1.68 EPS for the current fiscal year.

Several research firms have weighed in on CARR. Zacks Investment Research lowered shares of Carrier Global from a “buy” rating to a “hold” rating in a report on Wednesday, February 10th. Morgan Stanley upgraded shares of Carrier Global from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $41.00 to $53.00 in a report on Monday, March 29th. Cowen upgraded shares of Carrier Global from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $43.00 in a report on Tuesday, March 16th. Vertical Research raised shares of Carrier Global from a “hold” rating to a “buy” rating in a research note on Monday, January 4th. Finally, Royal Bank of Canada raised shares of Carrier Global from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $43.00 to $51.00 in a research note on Wednesday, March 31st. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $40.14.

Carrier Global Profile

There is no company description available for Carrier Global Corp.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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