Carrier Global Corporation $CARR Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 38.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,720 shares of the company’s stock after selling 19,367 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Carrier Global were worth $1,948,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CARR. Nuveen LLC purchased a new stake in Carrier Global in the first quarter valued at $649,512,000. JPMorgan Chase & Co. lifted its position in Carrier Global by 17.6% in the first quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock valued at $1,973,444,000 after acquiring an additional 4,668,929 shares during the last quarter. Brown Advisory Inc. lifted its position in Carrier Global by 82.6% in the first quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock valued at $613,330,000 after acquiring an additional 4,377,402 shares during the last quarter. Northern Trust Corp lifted its position in Carrier Global by 16.7% in the fourth quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock valued at $603,922,000 after acquiring an additional 1,266,137 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in Carrier Global by 2,484.0% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,122,545 shares of the company’s stock valued at $76,625,000 after acquiring an additional 1,079,103 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CARR has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of 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. Wells Fargo & Company raised their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Citigroup reissued a “buy” rating and set a $89.00 price objective (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Robert W. Baird lowered their price objective on shares of Carrier Global from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $79.00 price objective on shares of Carrier Global in a research report on Tuesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.47.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the company’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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.20% of the company’s stock.

Carrier Global Stock Down 2.7%

Shares of Carrier Global stock opened at $65.0380 on Friday. The company has a market cap of $55.35 billion, a P/E ratio of 14.17, a PEG ratio of 1.84 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. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The firm has a fifty day moving average of $71.85 and a two-hundred day moving average of $68.15.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The company 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, analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

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