Bank of Hawaii Sells 4,254 Shares of Carrier Global Corporation $CARR

Key Points

• Bank of Hawaii reduced its stake in Carrier Global Corporation by 28.5% in the 1st quarter by selling 4,254 shares, leaving it with 10,656 shares valued at $676,000.
• Director Maximilian Viessmann sold over 4.2 million shares of Carrier Global, resulting in a 7.28% decrease in their ownership, but still retained over 54 million shares worth approximately $3.82 billion.
• Brokerages have adjusted their price targets for Carrier Global, with an average target price of $84.47, and the stock is currently rated as a "Moderate Buy" by analysts.

Bank of Hawaii decreased its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 28.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,656 shares of the company's stock after selling 4,254 shares during the quarter. Bank of Hawaii's holdings in Carrier Global were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of CARR. Park Square Financial Group LLC bought a new stake in Carrier Global during the 4th quarter valued at $28,000. Accredited Wealth Management LLC bought a new stake in shares of Carrier Global during the first quarter worth about $28,000. Mattson Financial Services LLC bought a new stake in shares of Carrier Global during the fourth quarter worth about $31,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Carrier Global in the 1st quarter worth about $29,000. Finally, Mascagni Wealth Management Inc. bought a new position in Carrier Global in the 4th quarter valued at about $35,000. 91.00% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Carrier Global

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CARR. Wells Fargo & Company increased their price objective on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Royal Bank Of Canada lowered their price target on Carrier Global from $89.00 to $87.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Morgan Stanley dropped their price objective on Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a research note on Friday, August 8th. Barclays cut their price objective on shares of Carrier Global from $84.00 to $82.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Finally, Melius Research upgraded 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. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $84.47.

Carrier Global Stock Up 4.1%

Shares of NYSE:CARR opened at $67.69 on Monday. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a market capitalization of $57.61 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The business has a fifty day moving average price of $71.78 and a two-hundred day moving average price of $68.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for 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. Analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 21st were paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, July 21st. Carrier Global's payout ratio is presently 19.61%.

Carrier Global 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.

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