MASTERINVEST Kapitalanlage GmbH Sells 14,209 Shares of Carrier Global Corporation $CARR

MASTERINVEST Kapitalanlage GmbH decreased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 53.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,422 shares of the company’s stock after selling 14,209 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in Carrier Global were worth $742,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AdvisorShares Investments LLC purchased a new stake in Carrier Global in the second quarter worth about $25,000. Winnow Wealth LLC bought a new position in shares of Carrier Global in the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Carrier Global in the 2nd quarter worth approximately $26,000. Clayton Financial Group LLC purchased a new position in shares of Carrier Global in the 3rd quarter valued at approximately $26,000. Finally, Traub Capital Management LLC bought a new stake in shares of Carrier Global during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CARR. Deutsche Bank Aktiengesellschaft decreased their price objective on Carrier Global from $70.00 to $64.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Rothschild & Co Redburn increased their price target on shares of Carrier Global from $66.00 to $67.00 in a research note on Thursday, October 30th. Oppenheimer reissued a “market perform” rating on shares of Carrier Global in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. Finally, UBS Group lowered their target price on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a report on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.12.

Carrier Global Stock Up 4.5%

Shares of Carrier Global stock opened at $56.27 on Friday. The company has a 50-day simple moving average of $53.99 and a two-hundred day simple moving average of $61.69. The stock has a market capitalization of $47.39 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.14.

Carrier Global (NYSE:CARR) last posted its quarterly 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. The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Carrier Global had a net margin of 18.05% and a return on equity of 16.65%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. On average, analysts anticipate that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global announced that its board has approved a stock repurchase plan on Tuesday, October 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 10.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, January 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s dividend payout ratio is 20.13%.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.