198,356 Shares in Carrier Global Corporation $CARR Acquired by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec bought a new stake in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 198,356 shares of the company’s stock, valued at approximately $14,549,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in Carrier Global during the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. acquired a new stake in shares of Carrier Global in the 2nd quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Carrier Global in the 2nd quarter valued at $26,000. Financial Management Professionals Inc. lifted its position in shares of Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Carrier Global during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Down 0.2%

Shares of Carrier Global stock opened at $58.73 on Friday. The company has a fifty day simple moving average of $66.15 and a 200-day simple moving average of $63.98. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76. 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 stock has a market cap of $48.41 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.17 and a beta of 1.31.

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 disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is presently 66.67%.

Analysts Set New Price Targets

A number of brokerages recently commented on CARR. Wolfe Research reiterated an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th. The Goldman Sachs Group lifted their price target on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Evercore lifted their price target on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Barclays upped their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company increased their price objective on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

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.