Rep. Kevin Hern Sells Off Shares of Carrier Global Corporation (NYSE:CARR)

Key Points

• Rep. Kevin Hern sold between $1,001 and $15,000 of Carrier Global shares on August 14 from the HERN FAMILY REVOCABLE TRUST. He also reported sales of several other stocks, including Home Depot, Procter & Gamble, Microsoft and Medtronic.
• Carrier Global recently reported quarterly revenue of $6.35 billion and adjusted earnings of $0.86 per share, beating analyst estimates; revenue increased 3.9% year over year. The company reaffirmed fiscal 2026 earnings guidance of $2.90 per share.
• Analysts maintain a “Moderate Buy” consensus on CARR, with an average price target of $73.67, while institutional investors own approximately 91% of the company’s shares.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of Carrier Global Corporation NYSE: CARR. In a filing disclosed on September 01st, the Representative disclosed that they had sold between $1,001 and $15,000 in Carrier Global stock on August 14th. The trade occurred in the Representative's "HERN FAMILY REVOCABLE TRUST" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Home Depot NYSE: HD on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Procter & Gamble NYSE: PG on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 8/21/2026.
• Sold $15,001 - $50,000 in shares of Honeywell Aerospace NASDAQ: HONA on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Colgate-Palmolive NYSE: CL on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Biogen NASDAQ: BIIB on 8/18/2026.

Carrier Global Stock Up 0.6%

Shares of NYSE:CARR opened at $57.59 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The firm has a market cap of $47.48 billion, a P/E ratio of 40.00, a P/E/G ratio of 2.21 and a beta of 1.30. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The company's 50-day moving average price is $65.28 and its two-hundred day moving average price is $63.80.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, research analysts forecast that Carrier Global Corporation will post 2.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wolfe Research restated an "outperform" rating and issued a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Weiss Ratings reissued a "hold (c)" rating on shares of Carrier Global in a research note on Monday, July 20th. Sanford C. Bernstein restated a "market perform" rating and set a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. Citigroup upped their price target on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. raised their price target on Carrier Global from $63.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, May 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $73.67.

Hedge Funds Weigh In On Carrier Global

Several hedge funds have recently added to or reduced their stakes in CARR. Van Hulzen Asset Management LLC bought a new position in Carrier Global during the second quarter worth about $1,992,000. Cardinal Capital Management Inc. increased its holdings in shares of Carrier Global by 7.1% in the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company's stock worth $42,201,000 after acquiring an additional 37,934 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Carrier Global by 1.5% during the first quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company's stock worth $80,547,000 after purchasing an additional 21,367 shares during the period. Avity Investment Management Inc. raised its position in shares of Carrier Global by 33.9% during the second quarter. Avity Investment Management Inc. now owns 194,484 shares of the company's stock worth $14,265,000 after purchasing an additional 49,260 shares during the period. Finally, Mandatum Life Insurance Co Ltd lifted its stake in Carrier Global by 36.1% in the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company's stock valued at $6,259,000 after buying an additional 29,495 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source