OP Asset Management Ltd Invests $4.35 Million in Carrier Global Corporation $CARR

OP Asset Management Ltd purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 77,329 shares of the company’s stock, valued at approximately $4,354,000.

Other large investors have also recently bought and sold shares of the company. Aigen Investment Management LP grew its stake in Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after acquiring an additional 166 shares in the last quarter. Advisory Alpha LLC lifted its position in shares of Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after purchasing an additional 171 shares in the last quarter. Advisor OS LLC lifted its position in shares of Carrier Global by 0.8% in the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after purchasing an additional 178 shares in the last quarter. Wescott Financial Advisory Group LLC boosted its holdings in shares of Carrier Global by 4.7% during the fourth quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock worth $220,000 after purchasing an additional 186 shares during the period. Finally, Rossmore Private Capital boosted its holdings in shares of Carrier Global by 1.5% during the fourth quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock worth $684,000 after purchasing an additional 187 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CARR has been the topic of several research reports. Wolfe Research upped their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Morgan Stanley lifted their target price on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Sanford C. Bernstein began coverage on shares of Carrier Global in a report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, BNP Paribas Exane initiated coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price objective for the company. Twelve equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $73.56 on Friday. The stock has a market capitalization of $61.09 billion, a P/E ratio of 48.39, a P/E/G ratio of 3.05 and a beta of 1.34. The business has a 50-day moving average of $66.28 and a two-hundred day moving average of $60.90. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75.

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

Carrier Global Announces Dividend

The company also recently disclosed 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is presently 63.16%.

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.