Carrier Global Co. (NYSE:CARR) Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its position in shares of Carrier Global Co. (NYSE:CARR) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,876 shares of the company’s stock after acquiring 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 SEC.

A number of other hedge funds have also recently bought and sold shares of the company. RFG Advisory LLC boosted its holdings in shares of Carrier Global by 36.2% in the 4th quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after purchasing an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC boosted its holdings in shares of Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after purchasing an additional 19,018 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Carrier Global by 12.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after purchasing an additional 11,032 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Carrier Global by 39.0% in the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after purchasing an additional 38,365 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $2,213,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CARR. Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Friday, February 14th. JPMorgan Chase & Co. upgraded shares of Carrier Global from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $77.00 to $78.00 in a report on Wednesday, March 5th. Royal Bank of Canada reduced their target price on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a report on Wednesday, February 12th. Northcoast Research began coverage on shares of Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating on the stock. Finally, Barclays reduced their target price on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $82.53.

Carrier Global Stock Performance

Carrier Global stock opened at $65.47 on Thursday. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a market capitalization of $56.56 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. 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 firm’s fifty day moving average price is $66.55 and its 200 day moving average price is $72.18.

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

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.