Assenagon Asset Management S.A. Has $1.72 Million Holdings in Carrier Global Corporation $CARR

Assenagon Asset Management S.A. trimmed its stake in Carrier Global Corporation (NYSE:CARR) by 98.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,574 shares of the company’s stock after selling 2,429,747 shares during the period. Assenagon Asset Management S.A.’s holdings in Carrier Global were worth $1,722,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Carrier Global by 30.3% in the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after buying an additional 1,850 shares during the period. AQR Capital Management LLC boosted its holdings in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after acquiring an additional 23,200 shares during the last quarter. United Bank increased its position in Carrier Global by 41.2% during the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after purchasing an additional 4,956 shares during the period. Schnieders Capital Management LLC. increased its position in Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after purchasing an additional 4,277 shares during the period. Finally, Guggenheim Capital LLC raised its holdings in Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after purchasing an additional 561 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE CARR opened at $72.21 on Thursday. The firm’s 50-day moving average price is $67.01 and its 200-day moving average price is $61.37. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The firm has a market capitalization of $59.98 billion, a P/E ratio of 47.51, a P/E/G ratio of 2.94 and a beta of 1.31. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period last year, the business posted $0.65 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CARR. Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. BNP Paribas Exane began coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. Barclays lifted their target price on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Rothschild & Co Redburn boosted their target price on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.25.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.