CreativeOne Wealth LLC Cuts Holdings in Carrier Global Corporation $CARR

Key Points

• CreativeOne Wealth LLC reduced its stake in Carrier Global Corporation by 16.0%, now holding 36,426 shares valued at approximately $2.31 million.
• Carrier Global's latest quarterly earnings surpassed estimates with an EPS of $0.92 and revenue of $6.11 billion, setting FY 2025 EPS guidance at 3.000-3.100.
• The company recently announced a quarterly dividend of $0.225 per share, translating to an annual yield of 1.4%, with a payout ratio of 19.61%.

CreativeOne Wealth LLC cut its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,426 shares of the company's stock after selling 6,939 shares during the period. CreativeOne Wealth LLC's holdings in Carrier Global were worth $2,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in Carrier Global during the 4th quarter valued at approximately $28,000. Accredited Wealth Management LLC purchased a new stake in Carrier Global during the 1st quarter valued at approximately $28,000. Mattson Financial Services LLC purchased a new stake in Carrier Global during the 4th quarter valued at approximately $31,000. Investment Research & Advisory Group Inc. purchased a new stake in Carrier Global during the 1st quarter valued at approximately $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in Carrier Global during the 4th quarter valued at approximately $35,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.20% of the stock is owned by company insiders.

Carrier Global Trading Down 3.4%

Shares of CARR stock traded down $2.19 during mid-day trading on Tuesday, hitting $63.01. 3,736,080 shares of the company's stock were exchanged, compared to its average volume of 5,307,042. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The stock has a 50-day simple moving average of $71.26 and a two-hundred day simple moving average of $68.28. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The stock has a market cap of $53.62 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 1.79 and a beta of 1.25.

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 the consensus estimate of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.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. Equities analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on CARR shares. Royal Bank Of Canada reduced their price objective on Carrier Global from $89.00 to $87.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Melius began coverage on Carrier Global in a research note on Tuesday, July 1st. They set a "hold" rating and a $90.00 target price for the company. Barclays cut their target price on Carrier Global from $84.00 to $82.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Finally, Melius Research raised Carrier Global to a "hold" rating and set a $90.00 price objective for the company in a research note on Tuesday, July 1st. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.