Mn Services Vermogensbeheer B.V. Lowers Stock Holdings in Carrier Global Corporation $CARR

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Carrier Global Corporation by 52.4% during the second quarter, selling 155,900 shares to end up with 141,500 shares valued at approximately $10.36 million.
• Several analysts have lowered price targets for Carrier Global, with Oppenheimer decreasing its target from $85 to $75, while Mizuho cut its target from $88 to $80, although eleven analysts still rate the stock as a Buy.
• Carrier Global's recent earnings report showed a net margin of 18.33% and revenue of $6.11 billion, exceeding analysts' expectations, with an EPS guidance for FY 2025 set between 3.000 and 3.100.

Mn Services Vermogensbeheer B.V. trimmed its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 52.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,500 shares of the company's stock after selling 155,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Carrier Global were worth $10,356,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CARR. Brighton Jones LLC grew its stake in Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company's stock worth $543,000 after buying an additional 1,850 shares in the last quarter. Woodline Partners LP acquired a new stake in Carrier Global during the fourth quarter worth about $6,376,000. Waverly Advisors LLC grew its stake in Carrier Global by 64.4% during the fourth quarter. Waverly Advisors LLC now owns 14,491 shares of the company's stock worth $989,000 after buying an additional 5,678 shares in the last quarter. Continuum Advisory LLC grew its stake in Carrier Global by 13.1% during the fourth quarter. Continuum Advisory LLC now owns 2,135 shares of the company's stock worth $146,000 after buying an additional 248 shares in the last quarter. Finally, Vise Technologies Inc. grew its stake in Carrier Global by 29.2% during the fourth quarter. Vise Technologies Inc. now owns 15,497 shares of the company's stock worth $1,058,000 after buying an additional 3,502 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CARR shares. Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 price target on the stock in a research note on Tuesday, July 1st. The Goldman Sachs Group reduced their price target on shares of Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Jefferies Financial Group restated a "buy" rating on shares of Carrier Global in a research note on Thursday, September 11th. Wolfe Research reduced their price target on shares of Carrier Global from $91.00 to $77.00 and set an "outperform" rating on the stock in a research note on Friday, September 12th. Finally, Citigroup reduced their price target on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Eleven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $80.29.

Carrier Global Stock Performance

Shares of NYSE CARR traded down $0.02 during mid-day trading on Monday, reaching $60.37. 2,702,452 shares of the company's stock were exchanged, compared to its average volume of 5,391,954. The firm has a market capitalization of $51.37 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.86 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. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The firm has a 50-day moving average price of $67.88 and a two-hundred day moving average price of $68.00.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The company had revenue of $6.11 billion for the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

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.