Carrier Global Corporation $CARR Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 58.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,547 shares of the company’s stock after selling 24,348 shares during the period. SG Americas Securities LLC’s holdings in Carrier Global were worth $1,284,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Brighton Jones LLC grew its holdings in Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after acquiring an additional 1,850 shares during the period. Wedbush Securities Inc. boosted its position in shares of Carrier Global by 9.3% during the 1st quarter. Wedbush Securities Inc. now owns 17,656 shares of the company’s stock worth $1,119,000 after purchasing an additional 1,498 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Carrier Global by 20.2% during the 1st quarter. AE Wealth Management LLC now owns 8,759 shares of the company’s stock worth $555,000 after purchasing an additional 1,469 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of Carrier Global by 4.4% during the 1st quarter. Pinnacle Associates Ltd. now owns 39,723 shares of the company’s stock worth $2,518,000 after purchasing an additional 1,657 shares during the period. Finally, Carnegie Investment Counsel purchased a new position in shares of Carrier Global in the 1st quarter valued at about $299,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CARR. Wolfe Research decreased their price objective on shares of Carrier Global from $76.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, October 29th. Oppenheimer reiterated a “market perform” rating on shares of Carrier Global in a research report on Wednesday, October 29th. Deutsche Bank Aktiengesellschaft decreased their price target on Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a research note on Wednesday, October 29th. Royal Bank Of Canada lowered their price target on Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, September 12th. Finally, Weiss Ratings cut Carrier Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.94.

Carrier Global Trading Up 4.0%

Shares of Carrier Global stock opened at $52.36 on Friday. Carrier Global Corporation has a 1 year low of $50.30 and a 1 year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 0.75. The business has a 50 day moving average price of $57.71 and a 200 day moving average price of $66.19. The company has a market capitalization of $44.10 billion, a P/E ratio of 11.71, a P/E/G ratio of 2.18 and a beta of 1.30.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, October 28th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. Carrier Global’s quarterly revenue was down 6.8% on a year-over-year basis. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. Sell-side analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th were given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, October 29th. Carrier Global’s dividend payout ratio (DPR) is currently 20.13%.

Carrier Global declared that its board has initiated a share buyback plan on Tuesday, October 28th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

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.