Laffer Tengler Investments Inc. Lowers Stock Holdings in Carrier Global Corporation $CARR

Key Points

• Laffer Tengler Investments Inc. reduced its holdings in Carrier Global Corporation by 5.1% during Q1, ending with 127,981 shares valued at $8.11 million, making it the firm's 20th largest position.
• Insider trading activity was notable, with Director Maximilian Viessmann selling over 4 million shares for nearly $300 million, which decreased his ownership by 7.28%.
• Carrier Global reported a net margin of 18.33% and Q2 EPS of $0.92, beating analysts' expectations, while also setting a full-year 2025 EPS guidance between 3.000 and 3.100.

Laffer Tengler Investments Inc. lowered its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,981 shares of the company's stock after selling 6,935 shares during the quarter. Carrier Global comprises 1.7% of Laffer Tengler Investments Inc.'s investment portfolio, making the stock its 20th biggest holding. Laffer Tengler Investments Inc.'s holdings in Carrier Global were worth $8,114,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of Carrier Global by 17.6% during the 1st quarter. JPMorgan Chase & Co. now owns 31,126,869 shares of the company's stock worth $1,973,444,000 after purchasing an additional 4,668,929 shares in the last quarter. Nuveen LLC bought a new position in Carrier Global in the 1st quarter valued at about $649,512,000. Brown Advisory Inc. lifted its position in Carrier Global by 82.6% in the 1st quarter. Brown Advisory Inc. now owns 9,673,979 shares of the company's stock valued at $613,330,000 after acquiring an additional 4,377,402 shares in the last quarter. Northern Trust Corp lifted its position in Carrier Global by 16.7% in the 4th quarter. Northern Trust Corp now owns 8,847,377 shares of the company's stock valued at $603,922,000 after acquiring an additional 1,266,137 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Carrier Global by 15.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,930,061 shares of the company's stock valued at $473,046,000 after acquiring an additional 936,892 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Analyst Ratings Changes

CARR has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $79.00 price target on shares of Carrier Global in a research report on Tuesday, July 15th. Morgan Stanley dropped their target price on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Robert W. Baird dropped their target price on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Royal Bank Of Canada dropped their target price on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 30th. Finally, Melius initiated coverage on shares of Carrier Global in a research report on Tuesday, July 1st. They set a "hold" rating and a $90.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $84.47.

Carrier Global Stock Performance

CARR stock traded down $1.74 during midday trading on Monday, reaching $66.01. 4,914,031 shares of the company's stock traded hands, compared to its average volume of 5,302,898. The company has a 50-day moving average price of $71.78 and a two-hundred day moving average price of $68.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The firm has a market capitalization 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.

Carrier Global (NYSE:CARR - Get Free Report) last issued its 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 business had revenue of $6.11 billion for the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

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

Insider Activity at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction 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 completion of the transaction, the director directly owned 54,341,534 shares in the company, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.20% of the stock is owned by company insiders.

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.