676,880 Shares in Carrier Global Corporation $CARR Bought by Korea Investment CORP

Korea Investment CORP acquired a new position in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 676,880 shares of the company’s stock, valued at approximately $49,649,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of Carrier Global during the 2nd quarter worth $590,759,000. Norges Bank purchased a new position in shares of Carrier Global in the 4th quarter valued at about $380,299,000. Deutsche Bank AG purchased a new position in shares of Carrier Global in the 2nd quarter valued at about $166,165,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $99,839,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Carrier Global in the second quarter valued at about $136,714,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CARR. Rothschild & Co Redburn boosted their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Wells Fargo & Company increased their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Mizuho lifted their price target on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Sanford C. Bernstein reissued a “market perform” rating and set a $78.00 price target on shares of Carrier Global in a research note on Thursday, July 30th. Finally, Citigroup upped their price target on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Price Performance

Carrier Global stock opened at $60.40 on Friday. The firm has a market capitalization of $49.79 billion, a PE ratio of 41.94, a P/E/G ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The firm’s 50-day simple moving average is $67.37 and its 200 day simple moving average is $64.11. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating 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 business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the business earned $0.92 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities research analysts predict that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced 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. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio is 66.67%.

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.