ASR Vermogensbeheer N.V. Invests $4.99 Million in Carrier Global Corporation $CARR

Key Points

• ASR Vermogensbeheer N.V. invested approximately $4.99 million in Carrier Global Corporation by acquiring 68,191 shares in the 2nd quarter.
• In the first quarter, several large investors significantly increased their stakes in Carrier Global, with Nuveen LLC purchasing a position worth $649 million.
• Carrier Global's performance included a quarterly EPS of $0.92, exceeding analysts' expectations, and the company has set its FY 2025 EPS guidance between 3.000 to 3.100.

ASR Vermogensbeheer N.V. bought a new position in Carrier Global Corporation (NYSE:CARR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 68,191 shares of the company's stock, valued at approximately $4,991,000.

Several other large investors have also bought and sold shares of the company. Nuveen LLC purchased a new position in shares of Carrier Global in the first quarter worth $649,512,000. JPMorgan Chase & Co. raised its stake in shares of Carrier Global by 17.6% in the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock worth $1,973,444,000 after purchasing an additional 4,668,929 shares during the last quarter. Brown Advisory Inc. raised its position in Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock worth $613,330,000 after buying an additional 4,377,402 shares during the last quarter. Alliancebernstein L.P. raised its position in Carrier Global by 61.9% in the 1st quarter. Alliancebernstein L.P. now owns 4,318,806 shares of the company's stock worth $273,812,000 after buying an additional 1,651,873 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Carrier Global by 23.5% in the 1st quarter. Victory Capital Management Inc. now owns 4,512,774 shares of the company's stock worth $286,110,000 after buying an additional 857,694 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR opened at $59.63 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The business has a 50-day simple moving average of $64.27 and a two-hundred day simple moving average of $67.49. The stock has a market cap of $50.75 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.83 and a beta of 1.25. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $6.11 billion during the quarter, compared to analysts' expectations 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. On average, analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

CARR has been the subject of several research reports. Royal Bank Of Canada decreased their price objective on shares of Carrier Global from $87.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, September 12th. Morgan Stanley decreased their target price on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Citigroup decreased their target price on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, September 12th. Mizuho reduced their price objective on Carrier Global from $88.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, September 15th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Carrier Global in a research report on Thursday, September 11th. Twelve analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $79.00.

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.

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