Carrier Global Corporation $CARR Shares Purchased by PensionDanmark Pensionsforsikringsaktieselskab

PensionDanmark Pensionsforsikringsaktieselskab raised its position in shares of Carrier Global Corporation (NYSE:CARR) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 139,104 shares of the company’s stock after acquiring an additional 13,800 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Carrier Global were worth $10,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CARR. Massachusetts Financial Services Co. MA grew its stake in Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after buying an additional 72,906 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Carrier Global by 16.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock valued at $8,093,000 after purchasing an additional 21,350 shares during the period. California Public Employees Retirement System lifted its stake in shares of Carrier Global by 1.5% during the first quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after purchasing an additional 21,367 shares in the last quarter. Mandatum Life Insurance Co Ltd lifted its stake in shares of Carrier Global by 36.1% during the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock worth $6,259,000 after purchasing an additional 29,495 shares in the last quarter. Finally, Carnegie Investment Counsel boosted its position in shares of Carrier Global by 420.4% in the fourth quarter. Carnegie Investment Counsel now owns 25,758 shares of the company’s stock worth $1,361,000 after buying an additional 20,808 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CARR shares. Royal Bank Of Canada increased their target price on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Robert W. Baird boosted their target price on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Finally, Argus upped their target price on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Up 0.1%

CARR opened at $64.01 on Friday. The stock has a market capitalization of $52.77 billion, a PE ratio of 44.45, a P/E/G ratio of 2.48 and a beta of 1.31. The firm’s fifty day moving average price is $68.56 and its 200 day moving average price is $63.79. 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 12-month low of $50.24 and a 12-month high of $76.76.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share 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 company had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period last year, the business earned $0.92 EPS. The firm’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. As a group, research analysts expect that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s dividend payout ratio is presently 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.