Carrier Global Corporation $CARR Shares Purchased by Fiduciary Management Inc. WI

Key Points

• Fiduciary Management Inc. WA increased its stake in Carrier Global Corporation by 14%, acquiring 449,950 additional shares, bringing its total holdings to approximately 3.67 million shares.
• Carrier Global recently reported earnings of $0.92 per share for the latest quarter, exceeding expectations, and received a consensus rating of "Moderate Buy" from analysts with an average target price of $84.47.
• The company announced a quarterly dividend of $0.225 per share, reflecting a 1.4% annual yield and a dividend payout ratio of 19.61%.

Fiduciary Management Inc. WI lifted its holdings in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,673,206 shares of the company's stock after buying an additional 449,950 shares during the quarter. Carrier Global comprises approximately 2.2% of Fiduciary Management Inc. WI's investment portfolio, making the stock its 11th biggest holding. Fiduciary Management Inc. WI owned about 0.43% of Carrier Global worth $232,881,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CARR. Syon Capital LLC boosted its holdings in Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after acquiring an additional 155 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Carrier Global by 1.3% in the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock worth $779,000 after buying an additional 156 shares in the last quarter. Code Waechter LLC boosted its stake in shares of Carrier Global by 5.1% during the first quarter. Code Waechter LLC now owns 3,383 shares of the company's stock valued at $214,000 after purchasing an additional 164 shares during the period. Chicago Partners Investment Group LLC boosted its stake in shares of Carrier Global by 2.9% during the first quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company's stock valued at $424,000 after purchasing an additional 168 shares during the period. Finally, Essex Financial Services Inc. raised its holdings in shares of Carrier Global by 0.4% during the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock valued at $2,649,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Insider Transactions at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the transaction, the director owned 54,341,534 shares of the company's stock, valued at $3,820,209,840.20. This 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 currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. restated a "neutral" rating and set a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their target price on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Royal Bank Of Canada cut their price target on Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 30th. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 target price on the stock in a research note on Tuesday, July 1st. Finally, Melius began coverage on Carrier Global in a report on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price target for the company. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.47.

Carrier Global Stock Performance

NYSE:CARR traded down $1.74 during trading hours on Monday, reaching $66.01. The company had a trading volume of 4,914,031 shares, compared to its average volume of 5,302,898. Carrier Global Corporation has a 1-year low of $54.22 and a 1-year high of $83.32. The firm has a market cap of $56.18 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The business's 50 day moving average price is $71.78 and its 200-day moving average price is $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 announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion during the quarter, compared to the consensus estimate 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. Research analysts forecast that Carrier Global Corporation will post 2.99 EPS 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 issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, July 21st. Carrier Global's dividend payout ratio is presently 19.61%.

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.