Raiffeisen Bank International AG Has $605,000 Holdings in Carrier Global Corporation (NYSE:CARR)

Key Points

• Raiffeisen Bank International AG increased its holdings in Carrier Global Corporation by 88.8% during the first quarter, worth approximately $605,000 after acquiring nearly 4,500 additional shares.
• Carrier Global's stock currently has a consensus rating of "Moderate Buy" with an average target price of $84.47, following multiple buy ratings from several research firms.
• The company recently declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend yield of 1.4%.

Raiffeisen Bank International AG increased its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 88.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,561 shares of the company's stock after buying an additional 4,497 shares during the quarter. Raiffeisen Bank International AG's holdings in Carrier Global were worth $605,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CARR. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in Carrier Global during the 4th quarter worth $28,000. Mattson Financial Services LLC purchased a new stake in Carrier Global during the 4th quarter worth $31,000. Investment Research & Advisory Group Inc. purchased a new position in Carrier Global in the 1st quarter valued at about $29,000. Finally, Mascagni Wealth Management Inc. purchased a new position in Carrier Global in the 4th quarter valued at about $35,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CARR shares. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 target price on the stock in a research note on Tuesday, July 1st. Wells Fargo & Company upped their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Finally, Morgan Stanley cut their target price on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of "Moderate Buy" and an average price target of $84.47.

Carrier Global Stock Performance

Shares of NYSE:CARR traded down $0.31 during trading hours on Friday, hitting $66.05. The stock had a trading volume of 3,321,078 shares, compared to its average volume of 5,148,879. The stock's fifty day simple moving average is $72.84 and its 200 day simple moving average is $68.21. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The firm has a market capitalization of $56.21 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.82 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $6.11 billion during the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Sell-side analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal 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 given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, July 21st. Carrier Global's dividend payout ratio is 19.61%.

Insider Activity 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 shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the sale, the director owned 54,341,534 shares in the company, valued at $3,820,209,840.20. This represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.20% of the company's stock.

Carrier Global Company 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.