USS Investment Management Ltd Has $1.06 Million Stake in Carrier Global Corporation $CARR

USS Investment Management Ltd reduced its position in Carrier Global Corporation (NYSE:CARR) by 72.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,875 shares of the company’s stock after selling 49,178 shares during the quarter. USS Investment Management Ltd’s holdings in Carrier Global were worth $1,063,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CARR. Norges Bank bought a new position in Carrier Global during the fourth quarter worth $380,299,000. Capital International Investors boosted its position in Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after acquiring an additional 3,630,524 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Carrier Global by 506.1% during the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after acquiring an additional 3,496,372 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Carrier Global by 461.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after acquiring an additional 2,022,136 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new position in shares of Carrier Global in the 4th quarter worth about $99,839,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $69.97 on Friday. The company has a market cap of $58.12 billion, a PE ratio of 46.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.31. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The business has a 50 day moving average price of $67.36 and a 200-day moving average price of $61.55. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

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

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Argus boosted their price objective on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Mizuho boosted their price target on Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Citigroup raised their price objective on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average price target of $73.25.

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.