OMERS ADMINISTRATION Corp Acquires New Position in Carrier Global Corporation $CARR

OMERS ADMINISTRATION Corp bought a new position in shares of Carrier Global Corporation (NYSE:CARR) during the second quarter, HoldingsChannel.com reports. The firm bought 330,512 shares of the company’s stock, valued at approximately $24,243,000.

Several other institutional investors have also modified their holdings of CARR. Torren Management LLC acquired a new stake in shares of Carrier Global in the fourth quarter valued at $25,000. Johnson Financial Group Inc. purchased a new stake in Carrier Global during the 2nd quarter worth about $25,000. Meeder Asset Management Inc. purchased a new stake in Carrier Global during the 2nd quarter worth about $26,000. Financial Management Professionals Inc. raised its position in Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after purchasing an additional 225 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Carrier Global in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CARR. Argus boosted their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. 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. Wells Fargo & Company lifted their price target on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Morgan Stanley boosted their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Mizuho increased their price objective on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $73.67.

Carrier Global Trading Up 0.0%

Shares of Carrier Global stock opened at $60.40 on Monday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $67.37 and a 200-day simple moving average of $64.14. The stock has a market cap of $49.79 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $6.02 billion. During the same period last year, the business earned $0.92 EPS. Carrier Global’s revenue for the quarter 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. On average, equities analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders 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 dividend yield of 1.6%. Carrier Global’s payout ratio is 66.67%.

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.