Partners Capital Investment Group LLP Invests $372,000 in Carrier Global Corporation $CARR

Key Points

• Partners Capital Investment Group LLP invested $372,000 in Carrier Global Corporation by acquiring 5,874 shares in the 1st quarter of the year.
• Carrier Global reported $0.92 earnings per share for its latest quarter, exceeding analysts' expectations, with revenues of $6.11 billion.
• The company declared a quarterly dividend of $0.225 per share, translating to an annualized dividend of $0.90 and a yield of 1.4%.

Partners Capital Investment Group LLP acquired a new position in Carrier Global Corporation (NYSE:CARR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,874 shares of the company's stock, valued at approximately $372,000.

Other large investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in Carrier Global during the 1st quarter valued at approximately $649,512,000. JPMorgan Chase & Co. boosted its position in shares of Carrier Global by 17.6% in the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock worth $1,973,444,000 after purchasing an additional 4,668,929 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock worth $613,330,000 after purchasing an additional 4,377,402 shares in the last quarter. Northern Trust Corp boosted its position in shares of Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock worth $603,922,000 after purchasing an additional 1,266,137 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Carrier Global by 2,484.0% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,122,545 shares of the company's stock worth $76,625,000 after purchasing an additional 1,079,103 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CARR shares. Royal Bank Of Canada reduced their price objective on Carrier Global from $89.00 to $87.00 and set an "outperform" rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $79.00 price objective on shares of Carrier Global in a report on Tuesday, July 15th. Morgan Stanley reduced their price objective on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. Wells Fargo & Company boosted 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. Finally, Citigroup reiterated a "buy" rating and set a $89.00 target price (up from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Ten investment 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 currently has an average rating of "Moderate Buy" and an average price target of $84.47.

Insider Transactions at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction 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 transaction, the director directly owned 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.20% of the stock is owned by corporate insiders.

Carrier Global Trading Down 2.6%

Shares of NYSE:CARR traded down $1.74 during trading on Monday, reaching $66.01. 4,914,031 shares of the company were exchanged, compared to its average volume of 5,302,898. The firm has a market capitalization of $56.18 billion, a PE ratio of 14.38, a P/E/G ratio of 1.86 and a beta of 1.25. The business's fifty day simple moving average is $71.78 and its 200-day simple moving average is $68.22. 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.

Carrier Global (NYSE:CARR - Get Free Report) last issued 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 company had revenue of $6.11 billion for the quarter, compared to analyst estimates 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, research analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 21st were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was 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 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.