Osmosis Investment Management UK Ltd Takes $1.61 Million Position in Carrier Global Corporation $CARR

Key Points

• Osmosis Investment Management initiated a $1.61 million position in Carrier Global during the second quarter, joining several other institutional investors. Institutions and hedge funds collectively own approximately 91% of the company.
• Analysts maintain a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $73.67. Recent targets range as high as $81.
• Carrier exceeded quarterly expectations with $0.86 in earnings per share and $6.35 billion in revenue, while paying a quarterly dividend of $0.24 per share, equivalent to a 1.6% annual yield.

Osmosis Investment Management UK Ltd bought a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,923 shares of the company's stock, valued at approximately $1,608,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in Carrier Global during the 2nd quarter valued at about $6,092,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Carrier Global during the 2nd quarter worth approximately $14,181,000. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in shares of Carrier Global in the second quarter worth approximately $328,000. Elefante Mark B purchased a new stake in shares of Carrier Global in the second quarter worth approximately $319,000. Finally, Haverford Trust Co bought a new position in shares of Carrier Global in the second quarter valued at approximately $435,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carrier Global in a research report on Monday, July 20th. The Goldman Sachs Group increased their price target on Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Rothschild & Co Redburn raised their price objective on Carrier Global from $61.00 to $73.00 and gave the company a "neutral" rating in a research note on Tuesday, May 5th. Wolfe Research reaffirmed an "outperform" rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Finally, Royal Bank Of Canada upped their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an "outperform" rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $73.67.

Carrier Global Stock Performance

NYSE:CARR opened at $59.92 on Tuesday. The company has a market capitalization of $49.39 billion, a P/E ratio of 41.61, a P/E/G ratio of 2.23 and a beta of 1.31. The business has a fifty day simple moving average of $67.15 and a two-hundred day simple moving average of $64.13. 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 1 year low of $50.24 and a 1 year high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion for 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 business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts expect 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 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 yield of 1.6%. Carrier Global's dividend payout ratio is 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.

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