Banque Transatlantique SA Has $1.49 Million Stake in Carrier Global Corporation $CARR

Key Points

• Banque Transatlantique SA has increased its stake in Carrier Global Corporation by 54%, now owning 25,441 shares valued at approximately $1.49 million.
• Carrier Global's stock recently declined by 2.9%, opening at $63.33, with a market capitalization of $53.90 billion.
• The company reported quarterly earnings of $0.92 EPS, exceeding expectations, and declared a quarterly dividend of $0.225 per share.

Banque Transatlantique SA increased its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 54.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,441 shares of the company's stock after acquiring an additional 8,920 shares during the period. Banque Transatlantique SA's holdings in Carrier Global were worth $1,491,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Carrier Global during the first quarter worth about $649,512,000. JPMorgan Chase & Co. boosted its position in Carrier Global by 17.6% during the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock worth $1,973,444,000 after buying an additional 4,668,929 shares during the period. Brown Advisory Inc. grew its holdings in Carrier Global by 82.6% during the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock worth $613,330,000 after acquiring an additional 4,377,402 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in Carrier Global by 2,484.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,122,545 shares of the company's stock worth $76,625,000 after acquiring an additional 1,079,103 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Carrier Global by 7,043.4% in the 1st quarter. GAMMA Investing LLC now owns 1,058,653 shares of the company's stock valued at $67,119,000 after acquiring an additional 1,043,833 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Down 2.9%

Carrier Global stock opened at $63.33 on Wednesday. The company has a market capitalization of $53.90 billion, a PE ratio of 13.80, a PEG ratio of 1.79 and a beta of 1.25. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The firm's fifty day moving average is $71.08 and its 200 day moving average is $68.25. 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 (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The firm had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, sell-side analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 21st were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, July 21st. Carrier Global's dividend payout ratio is 19.61%.

Insider Transactions at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the 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 owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.20% of the company's stock.

Analyst Ratings Changes

CARR has been the topic of several analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $79.00 price objective on shares of Carrier Global in a research note on Tuesday, July 15th. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price on the stock in a report on Friday, May 9th. Citigroup reissued a "buy" rating and issued a $89.00 price target (up previously from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 price objective for the company in a research report on Tuesday, July 1st. Finally, Morgan Stanley reduced their target price on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Carrier Global presently has an average rating of "Moderate Buy" and an average price target of $84.47.

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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