Caisse de depot et placement du Quebec Buys Shares of 198,356 Carrier Global Corporation $CARR

Caisse de depot et placement du Quebec bought a new position in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 198,356 shares of the company’s stock, valued at approximately $14,549,000.

A number of other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC boosted its position in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the period. AQR Capital Management LLC raised its position in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after purchasing an additional 23,200 shares during the period. United Bank raised its position in Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after purchasing an additional 4,956 shares during the period. Schnieders Capital Management LLC. lifted its stake in Carrier Global by 33.7% during the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Carrier Global by 6.0% during the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after purchasing an additional 561 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR stock opened at $58.73 on Friday. The firm has a 50 day moving average of $66.15 and a two-hundred day moving average of $63.98. The stock has a market capitalization of $48.41 billion, a PE ratio of 40.78, a P/E/G ratio of 2.17 and a beta of 1.31. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data 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 for 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%.The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, research analysts predict that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

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

Analyst Upgrades and Downgrades

CARR has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Barclays increased their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Citigroup raised their target price on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. Evercore lifted their target price on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Finally, Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.