CreativeOne Wealth LLC Has $2.31 Million Stake in Carrier Global Corporation $CARR

CreativeOne Wealth LLC lowered its position in Carrier Global Corporation (NYSE:CARR) by 16.0% during the first quarter, according to its most recent filing with the SEC. The firm 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lindbrook Capital LLC lifted its position in shares of Carrier Global by 1.3% in the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock worth $779,000 after purchasing an additional 156 shares during the period. Code Waechter LLC lifted its position in shares of Carrier Global by 5.1% in the 1st quarter. Code Waechter LLC now owns 3,383 shares of the company’s stock worth $214,000 after purchasing an additional 164 shares during the period. Chicago Partners Investment Group LLC lifted its position in shares of Carrier Global by 2.9% in the 1st quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company’s stock worth $424,000 after purchasing an additional 168 shares during the period. Essex Financial Services Inc. lifted its position in shares of Carrier Global by 0.4% in the 1st quarter. Essex Financial Services Inc. now owns 41,778 shares of the company’s stock worth $2,649,000 after purchasing an additional 173 shares during the period. Finally, Motco increased its stake in shares of Carrier Global by 22.2% in the 1st quarter. Motco now owns 975 shares of the company’s stock valued at $62,000 after acquiring an additional 177 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR opened at $66.21 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The company has a market capitalization of $56.34 billion, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.86 and a beta of 1.25. The firm’s fifty day moving average price is $71.50 and its two-hundred day moving average price is $68.22. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to the consensus estimate 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, analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on CARR. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Carrier Global in a research note on Wednesday, May 21st. Royal Bank Of Canada lowered 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. Northcoast Research upgraded 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. Finally, Melius Research upgraded 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. Ten investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $84.47.

Insider Transactions at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of Carrier Global 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 transaction, the director directly owned 54,341,534 shares of the company’s stock, valued at $3,820,209,840.20. The trade was a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is owned by corporate insiders.

Carrier Global 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.