Aptus Capital Advisors LLC Purchases 91,158 Shares of Carrier Global Corporation $CARR

Key Points

• Aptus Capital Advisors LLC significantly increased its stake in Carrier Global Corporation by 946.2% in Q1, now holding over $6.39 million worth of shares.
• Carrier Global's latest quarterly earnings showed an EPS of $0.92, surpassing expectations, with total revenues reported at $6.11 billion.
• The company has declared a $0.225 quarterly dividend, reflecting an annual yield of 1.4% and a payout ratio of 19.61%.

Aptus Capital Advisors LLC increased its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 946.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,792 shares of the company's stock after buying an additional 91,158 shares during the quarter. Aptus Capital Advisors LLC's holdings in Carrier Global were worth $6,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Syon Capital LLC lifted its position in Carrier Global by 2.2% in the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock valued at $484,000 after purchasing an additional 155 shares during the last quarter. Lindbrook Capital LLC lifted its position in Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock valued at $779,000 after purchasing an additional 156 shares during the last quarter. Code Waechter LLC lifted its position in Carrier Global by 5.1% in the first quarter. Code Waechter LLC now owns 3,383 shares of the company's stock valued at $214,000 after purchasing an additional 164 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in Carrier Global by 2.9% in the first quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company's stock valued at $424,000 after purchasing an additional 168 shares during the last quarter. Finally, Essex Financial Services Inc. lifted its position in Carrier Global by 0.4% in the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock valued at $2,649,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Trading Up 4.1%

Shares of Carrier Global stock traded up $2.68 during midday trading on Friday, reaching $67.69. 5,534,971 shares of the company's stock traded hands, compared to its average volume of 5,546,101. 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 company has a market cap of $57.61 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.79 and a beta of 1.25. The stock has a 50 day moving average of $71.78 and a 200-day moving average of $68.17. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The business had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company 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. The ex-dividend date was Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.3%. Carrier Global's dividend payout ratio is 19.61%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Robert W. Baird lowered their price objective on Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Barclays lowered their price objective on Carrier Global from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 price objective for the company in a research report on Tuesday, July 1st. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a report on Friday, May 9th. Finally, Melius started coverage on Carrier Global in a report on Tuesday, July 1st. They set a "hold" rating and a $90.00 target price for the company. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $84.47.

Insider Transactions at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction on Thursday, June 5th. The stock was 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 in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.20% of the company's stock.

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.