Carrier Global Corporation $CARR Shares Purchased by Groupama Asset Managment

Groupama Asset Managment boosted its position in Carrier Global Corporation (NYSE:CARR) by 15.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,911 shares of the company’s stock after purchasing an additional 1,997 shares during the period. Groupama Asset Managment’s holdings in Carrier Global were worth $944,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CARR. Syon Capital LLC lifted its position in shares of Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company’s stock valued at $484,000 after acquiring an additional 155 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Carrier Global by 1.3% during the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock valued at $779,000 after acquiring an additional 156 shares during the last quarter. Code Waechter LLC raised its stake in Carrier Global by 5.1% during the 1st quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock valued at $214,000 after purchasing an additional 164 shares during the period. Chicago Partners Investment Group LLC raised its stake in Carrier Global by 2.9% during the 1st quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company’s stock valued at $424,000 after purchasing an additional 168 shares during the period. Finally, Essex Financial Services Inc. raised its stake in Carrier Global by 0.4% during the 1st quarter. Essex Financial Services Inc. now owns 41,778 shares of the company’s stock valued at $2,649,000 after purchasing an additional 173 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Down 0.4%

NYSE CARR opened at $66.6840 on Thursday. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $56.75 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. The firm’s fifty day simple moving average is $72.00 and its 200-day simple moving average is $68.13.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 21st were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, July 21st. Carrier Global’s dividend payout ratio is presently 19.61%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CARR. Melius Research raised shares of Carrier Global to a “hold” rating and set a $90.00 target price on the stock in a research note on Tuesday, July 1st. The Goldman Sachs Group reissued a “buy” rating on shares of Carrier Global in a research note on Wednesday, May 21st. Robert W. Baird cut their target price on shares of Carrier Global from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Melius began coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 target price on the stock. Finally, Royal Bank Of Canada cut their target price on shares of Carrier Global from $89.00 to $87.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 30th. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.47.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the transaction, the director directly owned 54,341,534 shares of the company’s stock, valued at $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.20% of the stock is owned by insiders.

About Carrier Global

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.