Carrier Global Corporation $CARR Shares Bought by Truist Financial Corp

Truist Financial Corp grew its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 5.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 128,005 shares of the company's stock after acquiring an additional 6,471 shares during the quarter. Truist Financial Corp's holdings in Carrier Global were worth $9,369,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Accredited Wealth Management LLC acquired a new position in Carrier Global during the 1st quarter worth $28,000. Investment Research & Advisory Group Inc. acquired a new position in Carrier Global during the 1st quarter worth $29,000. Graybill Wealth Management LTD. acquired a new position in Carrier Global during the 1st quarter worth $38,000. Cheviot Value Management LLC acquired a new position in Carrier Global during the 1st quarter worth $38,000. Finally, Rossby Financial LCC acquired a new position in Carrier Global during the 1st quarter worth $51,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CARR. Royal Bank Of Canada reduced their price target on Carrier Global from $87.00 to $75.00 and set an "outperform" rating for the company in a research report on Friday, September 12th. Weiss Ratings restated a "buy (b-)" rating on shares of Carrier Global in a report on Saturday, September 27th. Rothschild & Co Redburn cut their price objective on Carrier Global from $76.00 to $66.00 and set a "neutral" rating for the company in a report on Wednesday, October 1st. Barclays cut their price objective on Carrier Global from $82.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday, September 11th. Finally, Melius assumed coverage on Carrier Global in a report on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $79.00.

Carrier Global Stock Up 1.2%

Shares of Carrier Global stock opened at $59.63 on Monday. The stock's fifty day moving average is $64.27 and its 200-day moving average is $67.50. The firm has a market capitalization of $50.75 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Equities analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current 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.

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