ASR Vermogensbeheer N.V. Makes New $4.99 Million Investment in Carrier Global Corporation $CARR

ASR Vermogensbeheer N.V. bought a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 68,191 shares of the company’s stock, valued at approximately $4,991,000.

Several other institutional investors have also recently made changes to their positions in the business. Accredited Wealth Management LLC purchased a new stake in Carrier Global during the 1st quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. purchased a new stake in Carrier Global during the 1st quarter valued at approximately $29,000. Graybill Wealth Management LTD. purchased a new position in Carrier Global during the first quarter valued at $38,000. Cheviot Value Management LLC purchased a new position in Carrier Global during the first quarter valued at $38,000. Finally, Rossby Financial LCC purchased a new position in Carrier Global during the first quarter valued at $51,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $79.00 price objective on shares of Carrier Global in a research report on Tuesday, July 15th. Morgan Stanley cut their price target on Carrier Global from $78.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, August 8th. The Goldman Sachs Group cut their price target on Carrier Global from $88.00 to $76.00 and set a “buy” rating for the company in a report on Friday, September 12th. Jefferies Financial Group restated a “buy” rating on shares of Carrier Global in a report on Thursday, September 11th. Finally, Melius Research raised shares of Carrier Global to a “hold” rating and set a $90.00 target price for the company in a report on Tuesday, July 1st. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and an average target price of $79.00.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $59.63 on Friday. The stock has a market cap of $50.75 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.83 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. The stock has a 50 day moving average price of $64.27 and a 200-day moving average price of $67.49. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32.

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

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.