OP Asset Management Ltd Makes New Investment in Carrier Global Corporation $CARR

OP Asset Management Ltd purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) in the first quarter, according to 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 hedge funds and other institutional investors have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp acquired a new stake in Carrier Global in the 3rd quarter worth $25,000. YANKCOM Partnership lifted its stake in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the period. Torren Management LLC acquired a new stake in Carrier Global during the fourth quarter worth about $25,000. Global Wealth Strategies & Associates increased its stake in Carrier Global by 150.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the period. Finally, True Wealth Design LLC raised its holdings in Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Royal Bank Of Canada lifted their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Barclays raised their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. The Goldman Sachs Group lifted their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Evercore raised their price objective on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.09.

Carrier Global Stock Down 3.2%

Shares of NYSE:CARR opened at $73.56 on Friday. The company’s fifty day moving average is $66.28 and its 200-day moving average is $60.90. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a market capitalization of $61.09 billion, a PE ratio of 48.39, a P/E/G ratio of 3.05 and a beta of 1.34.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same quarter last year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts predict that Carrier Global Corporation will post 2.78 earnings per share 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 issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.3%. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

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.