Danica Pension Livsforsikringsaktieselskab Buys Shares of 158,533 Carrier Global Corporation $CARR

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 158,533 shares of the company’s stock, valued at approximately $11,628,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp boosted its stake in Carrier Global by 1.1% in the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock valued at $1,782,231,000 after buying an additional 351,490 shares in the last quarter. Morgan Stanley grew its position in Carrier Global by 1.8% in the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after acquiring an additional 210,952 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Carrier Global during the second quarter worth about $590,759,000. Norges Bank acquired a new position in Carrier Global during the fourth quarter worth about $380,299,000. Finally, Fiera Capital Corp lifted its holdings in shares of Carrier Global by 5.3% in the fourth quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock worth $365,837,000 after acquiring an additional 348,812 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $61.38 on Wednesday. The stock 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 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’s 50-day moving average is $67.89 and its 200-day moving average is $64.12. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.04. The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts anticipate that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio is 66.67%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CARR. The Goldman Sachs Group raised their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Wells Fargo & Company upped their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Royal Bank Of Canada increased their price objective on shares of 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. raised their target price 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $73.67.

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.