Assenagon Asset Management S.A. Purchases 2,022,136 Shares of Carrier Global Corporation $CARR

Assenagon Asset Management S.A. lifted its position in Carrier Global Corporation (NYSE:CARR) by 461.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,460,321 shares of the company’s stock after buying an additional 2,022,136 shares during the quarter. Assenagon Asset Management S.A. owned about 0.29% of Carrier Global worth $130,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CARR. Brighton Jones LLC grew its position in Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Carrier Global by 51.5% during the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares during the last quarter. United Bank raised its position in shares of Carrier Global by 41.2% during the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after buying an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares during the period. Finally, Magnetar Financial LLC bought a new stake in shares of Carrier Global in the second quarter valued at about $856,000. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

Carrier Global stock opened at $58.39 on Tuesday. The business has a 50 day simple moving average of $60.36 and a 200 day simple moving average of $57.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85. The company has a market capitalization of $48.78 billion, a PE ratio of 34.15, a price-to-earnings-growth ratio of 2.37 and a beta of 1.32. Carrier Global Corporation has a one year low of $50.24 and a one year high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The company had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

CARR has been the topic of several research reports. Wolfe Research boosted their price target on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. Morgan Stanley set a $55.00 price objective on Carrier Global in a research report on Thursday, January 8th. UBS Group decreased their price objective on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, January 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $70.82.

About Carrier Global

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.