Maven Securities LTD Grows Stock Position in Carrier Global Corporation $CARR

Key Points

• Maven Securities LTD increased its stake in Carrier Global Corporation by 114.0%, acquiring an additional 7,409 shares to bring its total holdings to 13,909 shares, valued at approximately $882,000.
• Carrier Global reported a quarterly earnings per share (EPS) of $0.92, exceeding analysts' expectations of $0.90, with revenue of $6.11 billion for the quarter.
• The company also declared a quarterly dividend of $0.225 per share, resulting in an annualized dividend yield of 1.3%.

Maven Securities LTD lifted its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 114.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,909 shares of the company's stock after buying an additional 7,409 shares during the quarter. Maven Securities LTD's holdings in Carrier Global were worth $882,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CARR. Park Square Financial Group LLC acquired a new position in shares of Carrier Global during the 4th quarter worth $28,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global during the 1st quarter worth $29,000. Mattson Financial Services LLC acquired a new position in shares of Carrier Global during the 4th quarter worth $31,000. Mascagni Wealth Management Inc. acquired a new position in shares of Carrier Global during the 4th quarter worth $35,000. Finally, Transce3nd LLC purchased a new position in Carrier Global during the fourth quarter worth $37,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price target on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Morgan Stanley dropped their price target on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 target price for the company in a research note on Tuesday, July 1st. Finally, Citigroup reissued a "buy" rating and issued a $89.00 target price (up previously from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and an average target price of $84.47.

Insider Transactions at Carrier Global

In related 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 transaction of $299,999,977.50. Following the completion of the sale, the director owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.20% of the company's stock.

Carrier Global Trading Down 1.7%

Shares of NYSE CARR traded down $1.1310 on Monday, reaching $66.6190. 1,218,158 shares of the company traded hands, compared to its average volume of 5,279,171. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The stock has a market capitalization of $56.69 billion, a PE ratio of 14.52, a P/E/G ratio of 1.86 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company has a 50 day moving average of $71.78 and a 200 day moving average of $68.22.

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

Carrier Global Announces Dividend

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

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.