Korea Investment CORP Has $24.22 Million Stake in Carrier Global Corporation $CARR

Korea Investment CORP trimmed its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 23.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,041 shares of the company’s stock after selling 116,344 shares during the period. Korea Investment CORP’s holdings in Carrier Global were worth $24,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in Carrier Global by 17.6% during the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company’s stock valued at $1,973,444,000 after purchasing an additional 4,668,929 shares in the last quarter. Nuveen LLC bought a new position in Carrier Global in the 1st quarter valued at $649,512,000. Brown Advisory Inc. boosted its position in Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company’s stock valued at $613,330,000 after buying an additional 4,377,402 shares during the last quarter. Northern Trust Corp boosted its position in Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company’s stock valued at $603,922,000 after buying an additional 1,266,137 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Carrier Global by 15.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company’s stock valued at $473,046,000 after buying an additional 936,892 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of NYSE CARR opened at $66.6840 on Thursday. The firm has a market cap of $56.75 billion, a PE ratio of 14.53, a PEG ratio of 1.84 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. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a fifty day moving average price of $72.00 and a 200 day moving average price of $68.13.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share 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 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. Research analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared 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 of this dividend was Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.3%. Carrier Global’s payout ratio is 19.61%.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 54,341,534 shares of the company’s stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 7.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CARR has been the topic of a number of recent research reports. Melius Research upgraded Carrier Global to a “hold” rating and set a $90.00 price objective on the stock in a research report on Tuesday, July 1st. Melius initiated coverage on Carrier Global in a research report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price objective on the stock. Barclays decreased their price objective on Carrier Global from $84.00 to $82.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Citigroup reiterated a “buy” rating and issued a $89.00 price objective (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Finally, Wells Fargo & Company increased their price objective on Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.47.

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.