Bank of Nova Scotia Acquires New Holdings in Carrier Global Corporation $CARR

Bank of Nova Scotia bought a new stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 80,337 shares of the company's stock, valued at approximately $5,893,000.

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

Carrier Global Price Performance

Shares of CARR opened at $58.51 on Wednesday. The business's 50-day moving average is $66.89 and its 200-day moving average is $64.09. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The company has a market capitalization of $48.23 billion, a price-to-earnings ratio of 40.63, a P/E/G ratio of 2.21 and a beta of 1.31. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last posted 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 business had revenue of $6.35 billion during the quarter, compared to analysts' expectations of $6.02 billion. During the same period last year, the company posted $0.92 earnings per share. The firm's quarterly revenue 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. Equities research analysts expect 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 paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global's dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Robert W. Baird lifted their target price on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Evercore upped their target price on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Barclays increased their price target on Carrier Global from $67.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Royal Bank Of Canada upped their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an "outperform" rating in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn raised their target price 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. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.67.

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.

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