Osmosis Investment Management UK Ltd Acquires New Shares in Carrier Global Corporation $CARR

Osmosis Investment Management UK Ltd bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, Holdings Channel.com reports. The fund bought 21,923 shares of the company’s stock, valued at approximately $1,608,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARR. State Street Corp grew its position in shares of Carrier Global by 1.1% in the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after purchasing an additional 351,490 shares in the last quarter. Morgan Stanley lifted its holdings in Carrier Global by 1.8% during the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after purchasing an additional 210,952 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Carrier Global during the 2nd quarter worth about $590,759,000. Norges Bank bought a new position in Carrier Global in the 4th quarter worth about $380,299,000. Finally, Fiera Capital Corp boosted its stake in Carrier Global by 5.3% in the 4th quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock worth $365,837,000 after purchasing an additional 348,812 shares during the period. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CARR shares. Morgan Stanley upped their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Rothschild & Co Redburn raised their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Mizuho boosted their price objective on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Finally, Evercore increased their target price on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Stock Performance

NYSE:CARR opened at $59.92 on Tuesday. The business has a 50 day moving average of $67.15 and a 200 day moving average of $64.13. The company has a market capitalization of $49.39 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) 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 business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. Carrier Global’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

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

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.