Citizens Financial Group Inc. RI Purchases Shares of 22,637 Carrier Global Corporation $CARR

Citizens Financial Group Inc. RI acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, Holdings Channel.com reports. The fund acquired 22,637 shares of the company’s stock, valued at approximately $1,660,000.

Several other large investors have also modified their holdings of CARR. Torren Management LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth $25,000. Financial Management Professionals Inc. boosted its position in shares of Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares during the period. Garton & Associates Financial Advisors LLC purchased a new position in Carrier Global in the 4th quarter worth about $33,000. Signature Equity Partners LLC increased its stake in Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after purchasing an additional 530 shares in the last quarter. Finally, Reflection Asset Management purchased a new position in Carrier Global in the 4th quarter worth about $41,000. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of analyst reports. Robert W. Baird upped their price objective on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Royal Bank Of Canada lifted their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Finally, Rothschild & Co Redburn upped their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Stock Down 1.9%

NYSE:CARR opened at $61.38 on Wednesday. The business’s fifty day moving average price is $67.89 and its 200 day moving average price is $64.12. The firm has a market capitalization of $50.59 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 2.32 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the company posted $0.92 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio is 66.67%.

Carrier Global Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.