Carrier Global Corporation $CARR Shares Sold by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ reduced its stake in Carrier Global Corporation by 1.8%, owning 265,905 shares worth approximately $16.86 million after selling 4,814 shares.
• Carrier Global reported a net margin of 18.33% and exceeded earnings estimates with $0.92 EPS for the last quarter, as well as revenues of $6.11 billion.
• The company declared a quarterly dividend of $0.225 per share, with a 1.4% yield, reflecting a payout ratio of 19.61%.

Lansforsakringar Fondforvaltning AB publ reduced its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,905 shares of the company's stock after selling 4,814 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Carrier Global were worth $16,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CARR. Park Square Financial Group LLC purchased a new position in shares of Carrier Global in the fourth quarter worth $28,000. Accredited Wealth Management LLC purchased a new stake in shares of Carrier Global in the first quarter valued at $28,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Carrier Global in the first quarter valued at $29,000. Mattson Financial Services LLC purchased a new stake in shares of Carrier Global in the fourth quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of Carrier Global in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Insider Activity at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the 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 completion of the transaction, the director directly owned 54,341,534 shares of the company's stock, 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 through this hyperlink. 7.20% of the stock is owned by insiders.

Carrier Global Stock Down 3.0%

Shares of NYSE:CARR traded down $1.95 during trading on Tuesday, reaching $63.25. The stock had a trading volume of 4,187,333 shares, compared to its average volume of 5,308,689. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The company has a market capitalization of $53.83 billion, a P/E ratio of 13.78, a PEG ratio of 1.79 and a beta of 1.25. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The firm's 50-day simple moving average is $71.26 and its 200 day simple moving average is $68.28.

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

Carrier Global Dividend Announcement

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 of this dividend was Monday, July 21st. Carrier Global's dividend payout ratio (DPR) is presently 19.61%.

Analyst Ratings Changes

A number of research analysts have recently commented on CARR shares. Morgan Stanley cut their price target on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a report on Friday, August 8th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $79.00 price target on shares of Carrier Global in a report on Tuesday, July 15th. Barclays cut their price target 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. The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada cut their price target on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.47.

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.