Assenagon Asset Management S.A. Acquires 676,508 Shares of Carrier Global Co. (NYSE:CARR)

Assenagon Asset Management S.A. boosted its holdings in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 1,046.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 741,177 shares of the company's stock after buying an additional 676,508 shares during the period. Assenagon Asset Management S.A. owned approximately 0.09% of Carrier Global worth $46,991,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CARR. BOK Financial Private Wealth Inc. lifted its stake in Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares during the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its stake in Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Carrier Global during the fourth quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Carrier Global in the fourth quarter worth about $31,000. Finally, Mattson Financial Services LLC purchased a new position in shares of Carrier Global in the fourth quarter worth about $31,000. Institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CARR shares. Wolfe Research upgraded Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price objective on the stock in a report on Monday, February 24th. Barclays lifted their price objective on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Mizuho set a $72.00 price objective on Carrier Global in a report on Tuesday, April 22nd. Finally, Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $83.00.

Insider Transactions at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the transaction, the director now directly owns 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.20% of the company's stock.

Carrier Global Stock Down 1.8%

Shares of CARR stock traded down $1.31 during midday trading on Friday, reaching $71.17. 3,559,102 shares of the stock were exchanged, compared to its average volume of 4,687,528. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The company's 50 day moving average is $67.57 and its two-hundred day moving average is $67.47. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market cap of $61.01 billion, a PE ratio of 11.33, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The firm had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the prior year, the business earned $0.51 EPS. The business's revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts predict that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be given a $0.225 dividend. The ex-dividend date is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.26%. Carrier Global's dividend payout ratio is currently 13.93%.

Carrier Global Company 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.