Carrier Global Co. (NYSE:CARR) Stock Position Raised by Scout Investments Inc.


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Scout Investments Inc. boosted its position in shares of Carrier Global Co. (NYSE:CARR) by 321.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 988,068 shares of the company’s stock after purchasing an additional 753,595 shares during the period. Scout Investments Inc.’s holdings in Carrier Global were worth $41,716,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CARR. Simon Quick Advisors LLC increased its holdings in shares of Carrier Global by 673.8% in the 4th quarter. Simon Quick Advisors LLC now owns 650 shares of the company’s stock valued at $25,000 after purchasing an additional 566 shares during the period. Birchcreek Wealth Management LLC purchased a new position in Carrier Global during the fourth quarter valued at approximately $26,000. Tacita Capital Inc acquired a new position in Carrier Global in the 4th quarter valued at approximately $27,000. Ironwood Wealth Management LLC. purchased a new stake in Carrier Global in the 4th quarter worth approximately $29,000. Finally, Addison Advisors LLC acquired a new stake in shares of Carrier Global during the 4th quarter valued at $30,000. 83.02% of the stock is currently owned by institutional investors.

Shares of CARR stock opened at $42.75 on Monday. Carrier Global Co. has a 12 month low of $12.26 and a 12 month high of $43.48. The company has a current ratio of 1.80, a quick ratio of 1.50 and a debt-to-equity ratio of 2.16. The stock has a 50 day moving average of $39.36 and a 200-day moving average of $37.42.

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

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