Nomura Holdings Inc. Reduces Holdings in Carrier Global Corporation $CARR

Key Points

• Nomura Holdings Inc. has reduced its stake in Carrier Global Corporation by 77%, selling 85,463 shares and now owning just 25,480 shares, valued at approximately $1.6 million.
• Carrier Global's quarterly earnings surpassed analysts' expectations, reporting $0.92 EPS against a consensus estimate of $0.90, with revenues of $6.11 billion.
• Institutional investors hold a significant share of Carrier Global, owning 91% of the company's stock, highlighting strong investor interest in the company.

Nomura Holdings Inc. decreased its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 77.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,480 shares of the company's stock after selling 85,463 shares during the period. Nomura Holdings Inc.'s holdings in Carrier Global were worth $1,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors 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 worth $28,000. Accredited Wealth Management LLC purchased a new stake in Carrier Global during the 1st quarter worth $28,000. Mattson Financial Services LLC purchased a new stake in Carrier Global during the 4th quarter worth $31,000. Investment Research & Advisory Group Inc. purchased a new stake in Carrier Global during the 1st quarter worth $29,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in Carrier Global during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $63.33 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The firm has a 50-day simple moving average of $71.08 and a 200 day simple moving average of $68.25. The company has a market cap of $53.90 billion, a PE ratio of 13.80, a P/E/G ratio of 1.79 and a beta of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, beating 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 business had revenue of $6.11 billion during the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, sell-side analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors 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 of this dividend was Monday, July 21st. Carrier Global's dividend payout ratio is currently 19.61%.

Insider Buying and Selling at Carrier Global

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the business's stock in a transaction dated 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CARR has been the subject of several research analyst reports. Citigroup reissued a "buy" rating and issued a $89.00 target price (up previously from $82.00) on shares of Carrier Global in a research report on Monday, July 14th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research report on Tuesday, July 15th. The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Barclays dropped their target price on shares of Carrier Global from $84.00 to $82.00 and set an "overweight" rating for the company in a research report on Wednesday, July 30th. Finally, Northcoast Research raised 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. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently 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.

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