6,000 Shares in Carrier Global Corporation $CARR Acquired by Carlson Capital L.P.

Key Points

• Carlson Capital L.P. made a new investment of approximately $380,000 in Carrier Global Corporation, acquiring 6,000 shares in the first quarter of the year.
• Institutional investors hold a significant position in Carrier Global, owning 91.00% of the company's stock, indicating strong institutional interest.
• Carrier Global recently reported an EPS of $0.92, exceeding analysts' expectations, and set its FY 2025 guidance at EPS between 3.000 and 3.100.

Carlson Capital L.P. purchased a new position in Carrier Global Corporation (NYSE:CARR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,000 shares of the company's stock, valued at approximately $380,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new position in shares of Carrier Global in the 4th quarter worth about $28,000. Accredited Wealth Management LLC purchased a new position in shares of Carrier Global in the 1st quarter worth about $28,000. Mattson Financial Services LLC purchased a new position in shares of Carrier Global in the 4th quarter worth about $31,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Carrier Global in the 1st quarter worth about $29,000. Finally, Mascagni Wealth Management Inc. bought a new stake in Carrier Global in the 4th quarter valued at about $35,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Shares of CARR traded down $0.95 during midday trading on Monday, hitting $65.23. 6,863,604 shares of the company traded hands, compared to its average volume of 4,908,165. The stock has a 50-day moving average of $71.39 and a 200-day moving average of $68.28. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The firm has a market cap of $55.51 billion, a P/E ratio of 14.21, a PEG ratio of 1.79 and a beta of 1.25. 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 announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analysts' expectations 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, sell-side analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

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

Analyst Upgrades and Downgrades

CARR has been the topic of a number of research reports. The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Morgan Stanley lowered 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. Citigroup restated a "buy" rating and issued a $89.00 price objective (up from $82.00) on shares of Carrier Global in a research note on Monday, July 14th. Wells Fargo & Company boosted their price objective on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $79.00 price objective on shares of Carrier Global in a research note on Tuesday, July 15th. Ten investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $84.47.

Insider Buying and Selling at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the company'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 value of $299,999,977.50. Following the transaction, the director directly 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 is accessible through the SEC website. Company insiders own 7.20% of the company's stock.

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.