Mandatum Life Insurance Co Ltd Boosts Holdings in Carrier Global Corporation $CARR

Mandatum Life Insurance Co Ltd grew its position in Carrier Global Corporation (NYSE:CARR) by 20.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,662 shares of the company’s stock after acquiring an additional 14,120 shares during the period. Carrier Global comprises 1.0% of Mandatum Life Insurance Co Ltd’s portfolio, making the stock its 25th largest holding. Mandatum Life Insurance Co Ltd’s holdings in Carrier Global were worth $4,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors boosted its holdings in shares of Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after acquiring an additional 3,630,524 shares in the last quarter. State Street Corp boosted its holdings in Carrier Global by 1.4% during the third quarter. State Street Corp now owns 33,377,339 shares of the company’s stock worth $1,992,627,000 after buying an additional 473,692 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in Carrier Global by 0.6% during the third quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after buying an additional 90,585 shares in the last quarter. Dodge & Cox boosted its holdings in Carrier Global by 5.1% during the third quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after buying an additional 651,648 shares in the last quarter. Finally, Norges Bank purchased a new stake in Carrier Global during the fourth quarter worth about $380,299,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CARR. Mizuho boosted their price objective on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. The Goldman Sachs Group boosted their price objective on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Barclays boosted their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada boosted their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Twelve equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus price target of $74.04.

Carrier Global Stock Down 2.0%

Shares of NYSE CARR opened at $67.18 on Friday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The company has a market capitalization of $55.79 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The firm’s 50-day moving average is $62.30 and its two-hundred day moving average is $59.02.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The company’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. Equities analysts anticipate that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

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