What types of investors most own Carrier Global Corporation (NYSE: CARR)?
Every investor in Carrier Global Corporation (NYSE: CARR) needs to know the most powerful shareholder groups. Institutions often own shares in larger companies, and we would expect insiders to own a noticeable percentage of smaller ones. Companies that have been privatized tend to have low insider ownership.
With a market capitalization of US $ 46 billion, Carrier Global is pretty big. We would expect to see institutional investors on the register. Companies of this size are also generally well known to retail investors. In the graphic below, we can see that the institutions are visible on the share register. We can zoom in on the different ownership groups, to find out more about Carrier Global.
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What does institutional ownership tell us about Carrier Global?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. . We would expect most businesses to have some institutions listed, especially if they are growing.
As you can see, institutional investors have a significant stake in Carrier Global. This suggests some credibility among professional investors. But we cannot rely on this fact alone because institutions sometimes make bad investments, like everyone else. If several institutions change their mind about a stock at the same time, you could see the stock price drop quickly. So it’s worth checking out Carrier Global’s earnings history below. Of course, the future is what really matters.
Since institutional investors own more than half of the issued shares, the board will likely need to pay attention to their preferences. Hedge funds don’t have a lot of shares in Carrier Global. Our data shows that Capital Research and Management Company is the largest shareholder with 18% of the shares outstanding. For context, the second largest shareholder owns around 10% of the outstanding shares, followed by a 7.1% stake by the third largest shareholder.
We also observed that the top 10 shareholders make up more than half of the share register, with a few smaller shareholders to some extent to balance the interests of the larger ones.
While it makes sense to study a company’s institutional ownership data, it also makes sense to study analysts’ sentiments to know which way the wind is blowing. Many analysts cover the stock, so it can be interesting to see what they are forecasting as well.
Carrier Global Insider Ownership
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The management of the company is accountable to the board of directors and the board must represent the interests of the shareholders. Notably, sometimes senior executives themselves sit on the board of directors.
I generally consider insider ownership to be a good thing. However, there are times when it is more difficult for other shareholders to hold the board accountable for decisions.
Our most recent data indicates that insiders own less than 1% of Carrier Global Corporation. Since this is a large company, we would expect insiders to own only a small percentage. But it’s worth noting that they own $ 26 million in stock. It’s always good to see at least one insider property, but it may be worth checking out if those insiders have sold.
General public property
The general public has a 14% stake in Carrier Global. While this group cannot necessarily take the lead, it can certainly have a real influence on how the business is run.
It’s always worth thinking about the different groups that own shares in a company. But to understand Carrier Global better, there are many other factors that we need to consider. Concrete example: we have spotted 3 warning signs for Carrier Global you have to be aware of this, and one of them cannot be ignored.
If you are like me, you might want to ask yourself if this business will grow or shrink. Fortunately, you can check out this free report showing analysts’ forecasts for its future.
NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12-month period ending on the last date of the month of date of the financial statement. This may not be consistent with the figures in the annual report for the entire year.
This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents. Simply Wall St has no position in the mentioned stocks.
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