Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Carrier Global Corporation (NYSE:CARR – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 158,533 shares of the company’s stock, valued at approximately $11,628,000.
Other large investors have also bought and sold shares of the company. Torren Management LLC acquired a new stake in shares of Carrier Global in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in shares of Carrier Global during the 2nd quarter worth approximately $26,000. Financial Management Professionals Inc. raised its position in Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Carrier Global in the 4th quarter valued at about $33,000. Finally, Signature Equity Partners LLC raised its stake in Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after buying an additional 530 shares during the period. 91.00% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on CARR shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $78.00 price target on shares of Carrier Global in a report on Thursday, July 30th. Evercore upped their price target on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Mizuho raised their price target on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Citigroup lifted their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Finally, Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and an average price target of $73.67.
Carrier Global Stock Performance
CARR opened at $61.38 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The firm has a market cap of $50.59 billion, a P/E ratio of 42.62, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The business’s fifty day moving average is $67.89 and its 200-day moving average is $64.12.
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, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. Carrier Global’s revenue for the quarter 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. Sell-side analysts expect that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.
Carrier Global Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders 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 dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. 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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