Sen. Tommy Tuberville Sells Off Shares of Carrier Global Co. (NYSE:CARR)

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 Trading Down 0.9 %

Shares of NYSE CARR traded down $0.57 during trading hours on Wednesday, reaching $66.02. The stock had a trading volume of 5,168,329 shares, compared to its average volume of 5,938,870. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The business's fifty day moving average price is $67.73 and its two-hundred day moving average price is $72.29. The firm has a market cap of $57.33 billion, a price-to-earnings ratio of 10.51, a P/E/G ratio of 1.90 and a beta of 1.35. Carrier Global Co. has a 52-week low of $53.13 and a 52-week high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period in the prior year, the business earned $0.53 earnings per share. Analysts expect that Carrier Global Co. will post 2.98 EPS for the current fiscal year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.36%. This is a positive change from Carrier Global's previous quarterly dividend of $0.19. Carrier Global's dividend payout ratio (DPR) is currently 14.33%.

Carrier Global declared that its board has approved a share repurchase plan on Thursday, October 24th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 4.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CARR. The Goldman Sachs Group initiated coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a "buy" rating and a $96.00 price objective on the stock. Royal Bank of Canada lowered their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a research note on Wednesday, February 12th. UBS Group raised Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 target price on the stock in a research report on Wednesday, November 13th. Mizuho upgraded Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target on the stock in a research note on Friday, February 14th. Finally, Citigroup reduced their price objective on Carrier Global from $94.00 to $90.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $82.64.

Hedge Funds Weigh In On Carrier Global

Large investors have recently bought and sold shares of the business. BOK Financial Private Wealth Inc. raised its stake in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE increased its holdings in Carrier Global by 90.0% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after acquiring an additional 180 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Carrier Global during the third quarter worth $28,000. Bradley & Co. Private Wealth Management LLC purchased a new position in Carrier Global during the fourth quarter valued at $31,000. Finally, Meeder Asset Management Inc. grew its position in shares of Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company's stock valued at $33,000 after purchasing an additional 340 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

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.