193,332 Shares in Carrier Global Corporation $CARR Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 193,332 shares of the company’s stock, valued at approximately $14,181,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after buying an additional 1,850 shares during the period. AQR Capital Management LLC grew its stake in Carrier Global by 51.5% in the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after acquiring an additional 23,200 shares during the period. United Bank grew its stake in Carrier Global by 41.2% in the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after acquiring an additional 4,956 shares during the period. Schnieders Capital Management LLC. raised its holdings in Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after acquiring an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in Carrier Global by 6.0% in the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after acquiring an additional 561 shares during the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Argus raised their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Mizuho upped their target price on Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Citigroup increased their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. The Goldman Sachs Group raised their price target on Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn lifted their price target on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $58.51 on Wednesday. The business has a 50-day moving average of $66.89 and a two-hundred day moving average of $64.09. The firm has a market capitalization of $48.23 billion, a PE ratio of 40.63, a P/E/G ratio of 2.21 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, research analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

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