Carrier Global Corporation $CARR Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Carrier Global stake by 275.3% in the second quarter, bringing its holdings to 114,739 shares valued at approximately $8.4 million. Institutional investors and hedge funds collectively own 91% of CARR’s stock.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $73.67, compared with the stock’s reported opening price of $63.58. Recent targets range from $73 to $80.
• Carrier exceeded quarterly expectations, reporting $0.86 in adjusted earnings per share and $6.35 billion in revenue, while revenue rose 3.9% year over year. The company also pays a quarterly dividend of $0.24, or $0.96 annually, yielding about 1.5%.

Assenagon Asset Management S.A. grew its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 275.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,739 shares of the company's stock after purchasing an additional 84,165 shares during the period. Assenagon Asset Management S.A.'s holdings in Carrier Global were worth $8,416,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock valued at $543,000 after buying an additional 1,850 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company's stock valued at $4,236,000 after acquiring an additional 23,200 shares in the last quarter. United Bank boosted its holdings in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company's stock valued at $1,244,000 after acquiring an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Carrier Global by 33.7% during the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company's stock valued at $1,242,000 after acquiring an additional 4,277 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of Carrier Global by 6.0% during the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company's stock valued at $725,000 after acquiring an additional 561 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

CARR has been the topic of several recent analyst reports. Sanford C. Bernstein reissued a "market perform" rating and set a $78.00 target price on shares of Carrier Global in a report on Thursday, July 30th. Mizuho lifted their price target on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Rothschild & Co Redburn boosted their price objective on Carrier Global from $61.00 to $73.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 5th. Wolfe Research reissued an "outperform" rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Finally, Citigroup upped their price objective on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $73.67.

Carrier Global Price Performance

NYSE CARR opened at $63.58 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The firm has a market capitalization of $52.41 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 2.45 and a beta of 1.31. The company has a 50 day simple moving average of $68.47 and a 200-day simple moving average of $63.94. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business had revenue of $6.35 billion for the quarter, compared to analysts' expectations of $6.02 billion. During the same period in the previous year, the company posted $0.92 EPS. Carrier Global's revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global's dividend payout ratio is presently 66.67%.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.

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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source