Canada Pension Plan Investment Board Makes New $14.19 Million Investment in Carrier Global Corporation $CARR

Canada Pension Plan Investment Board acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 193,391 shares of the company’s stock, valued at approximately $14,185,000.

Other institutional investors have also recently modified their holdings of the company. Torren Management LLC bought a new position in shares of Carrier Global in the fourth quarter worth $25,000. Johnson Financial Group Inc. bought a new stake in Carrier Global during the second quarter worth about $25,000. Meeder Asset Management Inc. acquired a new stake in Carrier Global during the second quarter worth about $26,000. Financial Management Professionals Inc. grew its stake in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after buying an additional 225 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new position in Carrier Global in the 4th quarter valued at about $33,000. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CARR. The Goldman Sachs Group boosted their target price on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Rothschild & Co Redburn increased their price target on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Robert W. Baird boosted their price objective on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada raised their target price on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Down 0.2%

Shares of NYSE CARR opened at $58.73 on Friday. The company has a market cap of $48.41 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.17 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 Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The stock has a 50-day moving average price of $66.15 and a two-hundred day moving average price of $63.98.

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

Carrier Global Announces Dividend

The business also recently disclosed 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 of this dividend was Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.6%. Carrier Global’s dividend payout ratio is presently 66.67%.

About Carrier Global

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.