Canada Pension Plan Investment Board Takes $14.19 Million Position in Carrier Global Corporation $CARR

Canada Pension Plan Investment Board purchased a new stake in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 193,391 shares of the company’s stock, valued at approximately $14,185,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Van Hulzen Asset Management LLC acquired a new stake in shares of Carrier Global in the second quarter valued at approximately $1,992,000. Cardinal Capital Management Inc. increased its holdings in shares of Carrier Global by 7.1% during the 2nd quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock worth $42,201,000 after acquiring an additional 37,934 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Carrier Global by 1.5% during the 1st quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after acquiring an additional 21,367 shares during the last quarter. Mandatum Life Insurance Co Ltd raised its stake in Carrier Global by 36.1% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock valued at $6,259,000 after acquiring an additional 29,495 shares during the period. Finally, Avity Investment Management Inc. raised its stake in Carrier Global by 33.9% in the 2nd quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock valued at $14,265,000 after acquiring an additional 49,260 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

CARR opened at $58.73 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The business has a fifty day simple moving average of $66.15 and a 200 day simple moving average of $63.98. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a market capitalization of $48.41 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter last year, the business earned $0.92 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Research analysts expect that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CARR shares. JPMorgan Chase & Co. lifted their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Mizuho increased their price objective on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Robert W. Baird raised their target price on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Morgan Stanley upped their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Profile

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.