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

Assenagon Asset Management S.A. decreased its holdings in Carrier Global Corporation (NYSE:CARR) by 98.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,574 shares of the company’s stock after selling 2,429,747 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Carrier Global were worth $1,722,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Carrier Global in the third quarter worth approximately $25,000. YANKCOM Partnership lifted its stake in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares in the last quarter. Torren Management LLC purchased a new position in Carrier Global during the 4th quarter worth $25,000. Global Wealth Strategies & Associates boosted its holdings in Carrier Global by 150.0% during the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC grew its stake in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CARR. Mizuho increased their target price on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Citigroup boosted their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Royal Bank Of Canada increased their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Robert W. Baird increased their price objective on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Finally, 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 report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.25.

Carrier Global Price Performance

CARR opened at $72.21 on Thursday. The firm has a market cap of $59.98 billion, a P/E ratio of 47.51, a PEG ratio of 2.94 and a beta of 1.31. The firm has a 50-day moving average of $67.01 and a 200 day moving average of $61.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared 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 of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is 63.16%.

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.