Nykredit A S bought a new stake in shares of Carrier Global Corporation (NYSE:CARR – Free Report) in the second quarter, Holdings Channel reports. The fund bought 163,968 shares of the company’s stock, valued at approximately $12,027,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. purchased a new stake in shares of Carrier Global in the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new position in Carrier Global during the second quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its stake in Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Carrier Global in the 4th quarter valued at $33,000. Finally, Signature Equity Partners LLC grew its position in shares of Carrier Global by 449.2% during the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after purchasing an additional 530 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Sanford C. Bernstein reissued a “market perform” rating and set a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. Citigroup upped their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Wolfe Research reiterated an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. One 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 stock. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $73.67.
Carrier Global Price Performance
CARR opened at $59.69 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $49.20 billion, a P/E ratio of 41.45, a PEG ratio of 2.28 and a beta of 1.30. The stock has a 50-day moving average price of $64.67 and a 200-day moving average price of $63.73. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76.
Carrier Global (NYSE:CARR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The company 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%.Carrier Global’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.
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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