Alamea Verwaltungs GmbH Takes $508,000 Position in Carrier Global Corporation $CARR

Key Points

• Alamea Verwaltungs GmbH acquired an 8,017-share stake in Carrier Global Corporation valued at approximately $508,000 in the first quarter, indicating growing institutional interest in the company.
• Carrier Global's stock recently opened at $65.23 and has a market cap of $55.51 billion, alongside a price-to-earnings ratio of 14.21.
• The company announced a quarterly dividend of $0.225 per share, reflecting a 1.4% yield, with a dividend payout ratio of 19.61%.

Alamea Verwaltungs GmbH purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,017 shares of the company's stock, valued at approximately $508,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Park Square Financial Group LLC acquired a new position in Carrier Global during the fourth quarter valued at approximately $28,000. Accredited Wealth Management LLC acquired a new position in Carrier Global during the first quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. acquired a new position in Carrier Global during the first quarter valued at approximately $29,000. Mattson Financial Services LLC acquired a new position in Carrier Global during the fourth quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Carrier Global during the fourth quarter valued at approximately $35,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the completion of the transaction, the director owned 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on CARR shares. Royal Bank Of Canada dropped their price objective on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective on the stock in a research note on Friday, May 9th. Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 price objective on the stock in a research note on Tuesday, July 1st. Citigroup reiterated a "buy" rating and set a $89.00 price objective (up previously from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Ten equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.47.

Carrier Global Stock Performance

Carrier Global stock traded down $1.09 during mid-day trading on Wednesday, reaching $62.41. The company's stock had a trading volume of 6,627,384 shares, compared to its average volume of 4,666,465. The firm has a market cap of $53.11 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 1.79 and a beta of 1.25. The business has a 50 day moving average price of $71.08 and a 200-day moving average price of $68.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a twelve month low of $54.22 and a twelve month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion during the quarter, compared to the consensus estimate 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. Sell-side analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 21st were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, July 21st. Carrier Global's payout ratio is currently 19.61%.

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.