MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Invests $2.52 Million in Carrier Global Corporation $CARR

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH invested **$2.52 million** in **Carrier Global Corporation** by purchasing **34,427 shares** during the second quarter.
• Carrier Global reported an **EPS of $0.92**, surpassing analyst expectations of **$0.90**, with quarterly revenue of **$6.11 billion** and a net margin of **18.33%**.
• Analysts have recently adjusted their price targets for Carrier Global, with Mizuho limiting their target from **$88** to **$80**, while the consensus rating remains a **"Moderate Buy"** with a target of **$79.72**.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 34,427 shares of the company's stock, valued at approximately $2,520,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its position in Carrier Global by 1.3% during the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock valued at $779,000 after purchasing an additional 156 shares during the period. Code Waechter LLC boosted its stake in shares of Carrier Global by 5.1% during the first quarter. Code Waechter LLC now owns 3,383 shares of the company's stock valued at $214,000 after purchasing an additional 164 shares in the last quarter. Abacus Wealth Partners LLC boosted its stake in shares of Carrier Global by 4.3% during the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company's stock valued at $291,000 after purchasing an additional 165 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in Carrier Global by 2.9% during the first quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company's stock valued at $424,000 after buying an additional 168 shares during the period. Finally, Essex Financial Services Inc. raised its stake in Carrier Global by 0.4% in the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock worth $2,649,000 after buying an additional 173 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of CARR stock opened at $58.67 on Friday. The firm has a market capitalization of $49.93 billion, a price-to-earnings ratio of 12.78, 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. The stock's 50-day simple moving average is $66.54 and its 200-day simple moving average is $67.77. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32.

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 net margin of 18.33% and a return on equity of 17.83%. The company had revenue of $6.11 billion during 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, equities analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Mizuho cut their price target on Carrier Global from $88.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, September 15th. The Goldman Sachs Group cut their target price on Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Morgan Stanley reduced their target price on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Citigroup decreased their price target on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, September 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Carrier Global from $73.00 to $70.00 and set a "hold" rating on the stock in a research report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $79.72.

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.

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