Sen. Tommy Tuberville Sells Carrier Global Co. (NYSE:CARR) Stock

Senator Tommy Tuberville (R-Alabama) recently sold shares of Carrier Global Co. (NYSE:CARR). In a filing disclosed on February 14th, the Senator disclosed that they had sold between $1,001 and $15,000 in Carrier Global stock on January 10th.

Senator Tommy Tuberville also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 1/10/2025.
• Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 1/10/2025.
• Sold $15,001 – $50,000 in shares of Diageo (NYSE:DEO) on 1/10/2025.
• Sold $15,001 – $50,000 in shares of Tractor Supply (NASDAQ:TSCO) on 1/10/2025.
• Sold $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 1/10/2025.

Carrier Global Stock Performance

Shares of CARR opened at $65.19 on Monday. The business has a fifty day moving average of $68.17 and a 200 day moving average of $72.33. The firm has a market capitalization of $58.49 billion, a P/E ratio of 16.50, a PEG ratio of 2.11 and a beta of 1.35. Carrier Global Co. has a one year low of $53.13 and a one year high of $83.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 14.98% and a return on equity of 20.52%. During the same quarter in the prior year, the business posted $0.53 earnings per share. As a group, sell-side analysts anticipate that Carrier Global Co. will post 2.52 EPS for the current year.

Carrier Global declared that its board has initiated a share buyback program on Thursday, October 24th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, December 20th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, December 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is presently 22.78%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CARR shares. Robert W. Baird reduced their price objective on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. UBS Group raised Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Wednesday, November 13th. JPMorgan Chase & Co. cut their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Barclays decreased their price target on shares of Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, Northcoast Research assumed coverage on shares of Carrier Global in a research note on Friday, November 22nd. They issued a “neutral” rating for the company. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $82.64.

Institutional Trading of Carrier Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. boosted its position in shares of Carrier Global by 80.0% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after buying an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock valued at $26,000 after acquiring an additional 180 shares during the period. FSA Wealth Management LLC bought a new position in Carrier Global in the 3rd quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the 4th quarter valued at $31,000. Finally, Meeder Asset Management Inc. increased its stake in Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock worth $33,000 after purchasing an additional 340 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville’s career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

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.