Landscape Capital Management L.L.C. Invests $827,000 in Carrier Global Corporation $CARR

Key Points

• Landscape Capital Management L.L.C. has made a significant investment of $827,000 in Carrier Global Corporation, acquiring 13,040 shares in the first quarter of the year.
• Institutional investors hold a major stake in Carrier Global, owning 91% of the company's stock, reflecting strong investor confidence.
• Carrier Global recently reported earnings of $0.92 per share, beating expectations, with revenue of $6.11 billion for the quarter.

Landscape Capital Management L.L.C. purchased a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 13,040 shares of the company's stock, valued at approximately $827,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC lifted its holdings in shares of Carrier Global by 51.8% during the 1st quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company's stock worth $88,000 after acquiring an additional 474 shares during the period. Bessemer Group Inc. lifted its stake in Carrier Global by 15.7% in the 1st quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock valued at $1,823,000 after purchasing an additional 3,900 shares during the last quarter. Ensign Peak Advisors Inc lifted its stake in Carrier Global by 27.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock valued at $89,706,000 after purchasing an additional 285,803 shares during the last quarter. Sowell Financial Services LLC bought a new position in Carrier Global in the 1st quarter valued at approximately $234,000. Finally, Aberdeen Group plc lifted its stake in Carrier Global by 1.8% in the 1st quarter. Aberdeen Group plc now owns 717,658 shares of the company's stock valued at $44,854,000 after purchasing an additional 12,346 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Insider Buying and Selling at Carrier Global

In other news, Director Maximilian Viessmann sold 4,267,425 shares of the 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 sale, the director directly owned 54,341,534 shares in the company, valued at $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 7.20% of the stock is currently owned by company insiders.

Carrier Global Trading Down 1.4%

Shares of NYSE CARR opened at $65.23 on Friday. 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 50 day moving average price of $71.39 and a two-hundred day moving average price of $68.25. The stock has a market cap of $55.51 billion, a P/E ratio of 14.21, a price-to-earnings-growth ratio of 1.79 and a beta of 1.25.

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 the consensus estimate 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 during 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, equities analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed 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. 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 is 19.61%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CARR shares. Morgan Stanley dropped their price objective on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. Royal Bank Of Canada dropped their price objective on shares of Carrier Global from $89.00 to $87.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $79.00 price objective on shares of Carrier Global in a research note on Tuesday, July 15th. Melius Research raised shares of Carrier Global to a "hold" rating and set a $90.00 price objective for the company in a research note on Tuesday, July 1st. Finally, Northcoast Research raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research note on Friday, May 9th. Ten equities research 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 target price 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.

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