MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $8.69 Million Stock Position in Carrier Global Corporation $CARR

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Carrier Global Corporation by 42.6%, owning 137,104 shares valued at approximately $8.69 million after acquiring 40,977 additional shares in Q1.
• In addition to MIRAE, other hedge funds such as Nuveen LLC and JPMorgan Chase & Co. have significantly expanded their positions in Carrier Global, contributing to 91% of the company's stock being held by institutional investors.
• Carrier Global's stock currently has an average rating of "Moderate Buy" from analysts, with a target price averaging $84.47, indicating positive market sentiment.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 42.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,104 shares of the company's stock after buying an additional 40,977 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Carrier Global were worth $8,692,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Park Square Financial Group LLC acquired a new stake in shares of Carrier Global during the 4th quarter valued at approximately $28,000. Accredited Wealth Management LLC acquired a new stake in shares of Carrier Global during the 1st quarter valued at approximately $28,000. Mattson Financial Services LLC acquired a new stake in shares of Carrier Global during the 4th quarter valued at approximately $31,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Carrier Global during the 1st quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of Carrier Global during the 4th quarter valued at approximately $35,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CARR. Citigroup reaffirmed a "buy" rating and issued a $89.00 target price (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Barclays lowered their price target on Carrier Global from $82.00 to $74.00 and set an "overweight" rating on the stock in a report on Thursday. Royal Bank Of Canada decreased their target price on Carrier Global from $87.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday. Morgan Stanley decreased their price target on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Finally, Melius initiated 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. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $82.12.

Carrier Global Stock Performance

Shares of CARR stock traded down $0.39 during trading on Monday, reaching $61.28. The company had a trading volume of 1,645,581 shares, compared to its average volume of 5,369,605. The firm's 50 day simple moving average is $69.37 and its two-hundred day simple moving average is $68.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The company has a market capitalization of $52.15 billion, a PE ratio of 13.35, a PEG ratio of 1.74 and a beta of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The firm 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. Sell-side analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

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.