Ontario Teachers Pension Plan Board Buys New Shares in Carrier Global Corporation $CARR

Ontario Teachers Pension Plan Board bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 890,797 shares of the company’s stock, valued at approximately $65,340,000. Carrier Global makes up approximately 0.4% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 27th largest position. Ontario Teachers Pension Plan Board owned about 0.11% of Carrier Global as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Torren Management LLC bought a new position in Carrier Global in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new stake in shares of Carrier Global during the 2nd quarter worth approximately $26,000. Financial Management Professionals Inc. boosted its holdings in shares of Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Carrier Global in the 4th quarter valued at approximately $33,000. Finally, Signature Equity Partners LLC grew its stake in shares of Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after buying an additional 530 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Down 1.9%

CARR opened at $61.38 on Wednesday. The stock’s fifty day simple moving average is $67.89 and its 200 day simple moving average is $64.12. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The stock has a market cap of $50.59 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the business posted $0.92 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts expect that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CARR. Evercore boosted their target price on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Rothschild & Co Redburn upped their target price on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada raised their target price on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price 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.