Carrier Global Corporation (NYSE:CARR) Shares Bought by Raiffeisen Bank International AG

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 grew its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 88.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,561 shares of the company's stock after acquiring an additional 4,497 shares during the period. Raiffeisen Bank International AG's holdings in Carrier Global were worth $605,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Ritter Daniher Financial Advisory LLC DE increased its stake in 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 buying an additional 180 shares during the period. Park Square Financial Group LLC purchased a new stake in Carrier Global during the 4th quarter worth $28,000. Mattson Financial Services LLC bought a new stake in shares of Carrier Global in the 4th quarter worth about $31,000. Investment Research & Advisory Group Inc. bought a new stake in shares of Carrier Global in the 1st quarter worth about $29,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of 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.

Analyst Ratings Changes

Several research firms have recently commented on CARR. Citigroup reaffirmed a "buy" rating and issued a $89.00 price target (up from $82.00) on shares of Carrier Global in a report on Monday, July 14th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Melius initiated coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price target for the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $79.00 price target on shares of Carrier Global in a research note on Tuesday, July 15th. Finally, Mizuho set a $72.00 price target on shares of Carrier Global in a research note on Tuesday, April 22nd. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.47.

Carrier Global Stock Down 0.5%

CARR stock opened at $66.56 on Tuesday. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The company's 50 day simple moving average is $73.26 and its 200-day simple moving average is $68.30. 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 market capitalization of $56.64 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.83 and a beta of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly 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. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. As a group, equities research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Monday, July 21st will be issued a dividend of $0.225 per share. The ex-dividend date is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global's payout ratio is currently 19.61%.

Insider Activity

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the company's 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 transaction, the director owned 54,341,534 shares in the company, valued at approximately $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 the SEC website. 7.20% of the stock is owned by corporate insiders.

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.

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