USS Investment Management Ltd Sells 49,178 Shares of Carrier Global Corporation $CARR

USS Investment Management Ltd cut its holdings in Carrier Global Corporation (NYSE:CARR) by 72.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,875 shares of the company’s stock after selling 49,178 shares during the quarter. USS Investment Management Ltd’s holdings in Carrier Global were worth $1,063,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Norges Bank acquired a new stake in shares of Carrier Global in the 4th quarter valued at approximately $380,299,000. Capital International Investors grew its holdings in shares of Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after purchasing an additional 3,630,524 shares during the last quarter. Ameriprise Financial Inc. increased its position in Carrier Global by 506.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock worth $249,977,000 after purchasing an additional 3,496,372 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Carrier Global by 461.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after purchasing an additional 2,022,136 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new position in Carrier Global in the 4th quarter valued at approximately $99,839,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR stock opened at $69.97 on Friday. The company has a market capitalization of $58.12 billion, a P/E ratio of 46.03, a PEG ratio of 2.81 and a beta of 1.31. The company has a fifty day moving average price of $67.36 and a 200-day moving average price of $61.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts expect that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. Carrier Global’s dividend payout ratio is presently 63.16%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CARR. Evercore raised their target price on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Citigroup upped their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. The Goldman Sachs Group increased their price target on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Wolfe Research raised their price objective on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.25.

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.