Healthcare of Ontario Pension Plan Trust Fund Increases Holdings in Carrier Global Corporation $CARR

Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Carrier Global Corporation (NYSE:CARR) by 57.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,352 shares of the company’s stock after buying an additional 18,053 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Carrier Global were worth $2,779,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CARR. Torren Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth $25,000. YANKCOM Partnership raised its position in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Carrier Global in the 4th quarter worth about $33,000. Signature Equity Partners LLC boosted its stake in Carrier Global by 449.2% in the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock worth $36,000 after purchasing an additional 530 shares in the last quarter. Finally, Princeton Global Asset Management LLC bought a new position in Carrier Global in the 4th quarter worth about $39,000. 91.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CARR. Sanford C. Bernstein restated a “market perform” rating and set a $78.00 price objective on shares of Carrier Global in a research note on Thursday. Argus upped their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada upped their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Morgan Stanley increased their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Finally, BNP Paribas Exane began coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Trading Up 0.9%

Carrier Global stock opened at $61.95 on Friday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The business’s fifty day moving average is $68.51 and its 200 day moving average is $63.48. The stock has a market capitalization of $51.07 billion, a PE ratio of 43.02, a price-to-earnings-growth ratio of 2.38 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 EPS. 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 2.88 EPS for the current year.

Carrier Global Announces Dividend

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 is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s payout ratio is currently 66.67%.

Carrier Global Company 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.