Carrier Global Corporation $CARR Holdings Lifted by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Carrier Global Corporation by 24.3%, holding a total of 82,617 shares valued at approximately $5.25 million.
• Carrier Global reported **$0.92 EPS** for the last quarter, exceeding analysts' expectations, and set its FY 2025 guidance at 3.000-3.100 EPS.
• The company declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend yield of 1.3% and a payout ratio of 19.61%.

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 24.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,617 shares of the company's stock after purchasing an additional 16,169 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Carrier Global were worth $5,249,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in Carrier Global by 51.8% during the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company's stock valued at $88,000 after purchasing an additional 474 shares during the last quarter. Bessemer Group Inc. boosted its position in Carrier Global by 15.7% during the first quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock valued at $1,823,000 after purchasing an additional 3,900 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in Carrier Global by 27.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock valued at $89,706,000 after purchasing an additional 285,803 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Carrier Global during the first quarter valued at $234,000. Finally, Aberdeen Group plc boosted its position in Carrier Global by 1.8% during the first quarter. Aberdeen Group plc now owns 717,658 shares of the company's stock valued at $44,854,000 after purchasing an additional 12,346 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Insider Transactions at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was 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 in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 7.20% of the stock is owned by corporate insiders.

Carrier Global Trading Down 0.4%

Carrier Global stock opened at $66.6840 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The business's 50-day simple moving average is $72.00 and its 200-day simple moving average is $68.13. The firm has a market capitalization of $56.75 billion, a PE ratio of 14.53, a PEG ratio of 1.84 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 posted its quarterly earnings data 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 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 research analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

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 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, July 21st. Carrier Global's payout ratio is currently 19.61%.

Analysts Set New Price Targets

A number of analysts have weighed in on CARR shares. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Barclays reduced their price target on Carrier Global from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Robert W. Baird reduced their price target on Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Melius started coverage on Carrier Global in a research report on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price target for the company. Finally, Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price target for the company in a research report on Friday, May 9th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.47.

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.

Want to see what other hedge funds are holding CARR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carrier Global Corporation (NYSE:CARR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.