Carrier Global Co. (NYSE:CARR) Stock Holdings Raised by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lifted its holdings in shares of Carrier Global Co. (NYSE:CARR) by 11.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,876 shares of the company’s stock after purchasing an additional 1,765 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Carrier Global were worth $1,152,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CARR. CWA Asset Management Group LLC bought a new stake in shares of Carrier Global during the 3rd quarter valued at about $272,000. Sigma Planning Corp grew its position in shares of Carrier Global by 4.5% during the 3rd quarter. Sigma Planning Corp now owns 12,729 shares of the company’s stock valued at $1,025,000 after buying an additional 549 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Carrier Global during the 3rd quarter valued at about $50,000. Wolverine Asset Management LLC bought a new stake in shares of Carrier Global during the 3rd quarter valued at about $1,368,000. Finally, Versor Investments LP bought a new stake in shares of Carrier Global during the 3rd quarter valued at about $338,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 0.3 %

Shares of NYSE:CARR opened at $65.47 on Thursday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The company has a 50 day moving average of $66.55 and a 200-day moving average of $72.18. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The firm has a market cap of $56.56 billion, a P/E ratio of 10.42, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 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 in the prior year, the company posted $0.53 EPS. As a group, analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Northcoast Research began coverage on shares of Carrier Global in a research note on Friday, November 22nd. They set a “neutral” rating for the company. Wells Fargo & Company reduced 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 note on Wednesday, February 12th. 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. Finally, UBS Group raised shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global 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.