149,173 Shares in Carrier Global Corporation $CARR Acquired by Danica Pension Livsforsikringsaktieselskab

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Carrier Global Corporation (NYSE:CARR) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 149,173 shares of the company’s stock, valued at approximately $8,400,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock worth $543,000 after purchasing an additional 1,850 shares during the period. AQR Capital Management LLC raised its position in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after purchasing an additional 23,200 shares during the period. United Bank raised its position in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after purchasing an additional 4,956 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after buying an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in shares of Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after buying an additional 561 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CARR shares. Wells Fargo & Company lifted their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Argus raised their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Robert W. Baird boosted their price objective on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Finally, Sanford C. Bernstein started coverage on Carrier Global in a research report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $73.51.

Carrier Global Trading Up 2.1%

Shares of Carrier Global stock opened at $68.08 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The firm has a 50-day moving average of $68.37 and a 200-day moving average of $63.00. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The stock has a market cap of $56.55 billion, a PE ratio of 44.79, a PEG ratio of 2.67 and a beta of 1.31.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period last year, the firm earned $0.65 earnings per share. Carrier Global’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, sell-side analysts forecast that Carrier Global Corporation will post 2.79 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 63.16%.

Carrier Global Company 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.