American Century Companies Inc. Sells 5,272 Shares of Carrier Global Corporation $CARR

Key Points

• American Century Companies Inc. reduced its stake in Carrier Global Corporation by 5.6%, owning 88,338 shares valued at approximately $5.6 million after selling 5,272 shares in the first quarter.
• Several institutional investors have adjusted their positions in Carrier Global, with Golden State Wealth Management increasing its stake by 51.8% and Bessemer Group raising its holdings by 15.7% in the same period.
• Carrier Global recently announced a quarterly dividend of $0.225 per share, marking a dividend yield of 1.4%, and reported an EPS of $0.92 that exceeded analysts' expectations.

American Century Companies Inc. decreased its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 5.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 88,338 shares of the company's stock after selling 5,272 shares during the period. American Century Companies Inc.'s holdings in Carrier Global were worth $5,601,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Square Financial Group LLC acquired a new stake in Carrier Global in the 4th quarter worth about $28,000. Investment Research & Advisory Group Inc. acquired a new stake in Carrier Global in the 1st quarter worth about $29,000. Mattson Financial Services LLC acquired a new stake in Carrier Global in the 4th quarter worth about $31,000. Mascagni Wealth Management Inc. acquired a new stake in Carrier Global in the 4th quarter worth about $35,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Price Performance

Shares of Carrier Global stock traded down $1.09 during midday trading on Wednesday, hitting $62.41. 6,627,384 shares of the company traded hands, compared to its average volume of 4,666,465. The stock has a market cap of $53.11 billion, a price-to-earnings ratio of 13.60, a PEG ratio of 1.79 and a beta of 1.25. 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 firm's fifty day moving average price is $70.88 and its 200-day moving average price is $68.21. 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 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. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The firm had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, sell-side analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 21st were issued a dividend of $0.225 per share. 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 presently 19.61%.

Insiders Place Their Bets

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the business'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 sale, the director directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Melius assumed coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They issued a "hold" rating and a $90.00 target price for the company. Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research report on Friday, May 9th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research report on Tuesday, July 15th. Finally, Citigroup restated a "buy" rating and issued a $89.00 target price (up from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.47.

About Carrier Global

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.