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

Ontario Teachers Pension Plan Board acquired a new stake in Carrier Global Corporation (NYSE:CARR) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 890,797 shares of the company’s stock, valued at approximately $65,340,000. Carrier Global makes up about 0.4% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 27th biggest position.

Several other large investors have also recently added to or reduced their stakes in CARR. Cardinal Capital Management Inc. boosted its stake in shares of Carrier Global by 7.1% in the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after buying an additional 37,934 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Carrier Global by 16.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock worth $8,093,000 after acquiring an additional 21,350 shares during the period. California Public Employees Retirement System increased its stake in Carrier Global by 1.5% during the 1st quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after acquiring an additional 21,367 shares during the period. Mandatum Life Insurance Co Ltd raised its holdings in Carrier Global by 36.1% in the 1st quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock valued at $6,259,000 after acquiring an additional 29,495 shares in the last quarter. Finally, Avity Investment Management Inc. lifted its position in shares of Carrier Global by 33.9% during the 2nd quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock valued at $14,265,000 after acquiring an additional 49,260 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $61.38 on Wednesday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The company has a market cap of $50.59 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 2.32 and a beta of 1.31. The firm has a 50 day simple moving average of $67.89 and a 200 day simple moving average of $64.12.

Carrier Global (NYSE:CARR) last posted 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 firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Research analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were given a dividend of $0.24 per share. 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 payout ratio is currently 66.67%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Argus raised their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Mizuho upped their price objective on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Evercore increased their price objective on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Rothschild & Co Redburn raised 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, Barclays raised their target price on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Carrier Global presently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

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.