Trexquant Investment LP Has $29.68 Million Stake in Carrier Global Corporation $CARR

Trexquant Investment LP raised its position in Carrier Global Corporation (NYSE:CARR) by 596.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 468,145 shares of the company’s stock after purchasing an additional 400,926 shares during the period. Trexquant Investment LP’s holdings in Carrier Global were worth $29,680,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Landscape Capital Management L.L.C. acquired a new stake in shares of Carrier Global in the first quarter valued at about $827,000. Carlson Capital L.P. acquired a new stake in shares of Carrier Global in the first quarter valued at about $380,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Carrier Global in the first quarter valued at about $167,000. B. Metzler seel. Sohn & Co. AG increased its position in shares of Carrier Global by 2.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 36,205 shares of the company’s stock valued at $2,295,000 after acquiring an additional 746 shares during the last quarter. Finally, Ieq Capital LLC increased its position in shares of Carrier Global by 10.1% in the first quarter. Ieq Capital LLC now owns 17,058 shares of the company’s stock valued at $1,081,000 after acquiring an additional 1,563 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Trading Up 1.7%

Carrier Global stock opened at $67.64 on Thursday. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. 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 has a market capitalization of $57.56 billion, a P/E ratio of 14.74, a PEG ratio of 1.83 and a beta of 1.25. The stock has a 50-day simple moving average of $71.57 and a 200 day simple moving average of $68.22.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.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. Analysts expect 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. Stockholders of record on Monday, July 21st were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, July 21st. Carrier Global’s payout ratio is currently 19.61%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Royal Bank Of Canada lowered their target price on Carrier Global from $89.00 to $87.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $79.00 target price on shares of Carrier Global in a research report on Tuesday, July 15th. Citigroup reiterated a “buy” rating and set a $89.00 price target (up previously from $82.00) on shares of Carrier Global in a report on Monday, July 14th. Wells Fargo & Company lifted their price target on Carrier Global from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Carrier Global in a report on Wednesday, May 21st. Ten analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $84.47.

Insider Activity

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the sale, the director directly owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.20% of the company’s stock.

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.