Carrier Global Corporation $CARR Shares Purchased by South Dakota Investment Council

South Dakota Investment Council boosted its position in Carrier Global Corporation (NYSE:CARR) by 235.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 94,081 shares of the company’s stock after purchasing an additional 66,068 shares during the period. South Dakota Investment Council’s holdings in Carrier Global were worth $5,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CARR. Norges Bank purchased a new position in Carrier Global during the 4th quarter worth approximately $380,299,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Carrier Global in the 4th quarter valued at $99,839,000. Voloridge Investment Management LLC boosted its holdings in shares of Carrier Global by 865.3% in the 4th quarter. Voloridge Investment Management LLC now owns 1,974,350 shares of the company’s stock valued at $104,325,000 after acquiring an additional 1,769,813 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Carrier Global by 44.1% in the fourth quarter. Victory Capital Management Inc. now owns 4,783,753 shares of the company’s stock worth $252,774,000 after acquiring an additional 1,465,144 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its stake in shares of Carrier Global by 1,808.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 1,501,855 shares of the company’s stock worth $79,358,000 after acquiring an additional 1,423,152 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

NYSE:CARR opened at $61.36 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.75. The firm has a market cap of $50.97 billion, a price-to-earnings ratio of 42.61, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The company has a 50 day moving average price of $68.54 and a 200-day moving average price of $63.49. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.88 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given 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 1.6%. Carrier Global’s dividend payout ratio is 66.67%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Robert W. Baird raised their target price on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Citigroup upped their price target on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a report on Monday, July 13th. The Goldman Sachs Group increased their price target on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Wells Fargo & Company lifted their price objective on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Carrier Global currently 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.