Jump Financial LLC Boosts Holdings in Carrier Global Corporation $CARR

Key Points

• Jump Financial LLC increased its holdings in Carrier Global Corporation by 302.6%, acquiring an additional 10,980 shares, bringing its total to 14,609 shares valued at approximately $926,000.
• Insider trading activity showed Director Maximilian Viessmann sold over 4.2 million shares, reducing his ownership by 7.28%, yet he still holds shares valued at over $3.8 billion.
• Carrier Global released its quarterly earnings with an EPS of $0.92, surpassing estimates, and announced a quarterly dividend of $0.225, indicating a yield of 1.4%.

Jump Financial LLC grew its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 302.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,609 shares of the company's stock after purchasing an additional 10,980 shares during the period. Jump Financial LLC's holdings in Carrier Global were worth $926,000 at the end of the most recent reporting period.

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

Carrier Global Stock Performance

Shares of CARR stock traded up $1.00 during trading hours on Thursday, reaching $63.47. 4,471,344 shares of the company traded hands, compared to its average volume of 4,971,600. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month 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 company has a market cap of $54.01 billion, a P/E ratio of 13.83, a P/E/G ratio of 1.72 and a beta of 1.25. The firm has a 50-day moving average price of $70.69 and a 200 day moving average price of $68.19.

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 for the quarter, beating 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 firm 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. As a group, sell-side analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

Analysts Set New Price Targets

CARR has been the subject of several recent analyst reports. Barclays cut their price objective on Carrier Global from $84.00 to $82.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Friday, May 9th. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Royal Bank Of Canada dropped their price objective on Carrier Global from $89.00 to $87.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Finally, Melius began coverage on Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $84.47.

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.