Danske Bank A S Purchases New Shares in Carrier Global Corporation $CARR

Danske Bank A S purchased a new position in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 269,950 shares of the company’s stock, valued at approximately $19,801,000.

A number of other large investors also recently added to or reduced their stakes in CARR. Bank of New York Mellon Corp purchased a new position in Carrier Global during the second quarter valued at $590,759,000. Norges Bank purchased a new stake in shares of Carrier Global during the fourth quarter worth about $380,299,000. Deutsche Bank AG acquired a new position in shares of Carrier Global during the 2nd quarter worth about $166,165,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Carrier Global during the 4th quarter worth about $99,839,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Carrier Global during the 2nd quarter worth about $136,714,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CARR. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Mizuho increased their target price on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. Wells Fargo & Company lifted their price target on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, Royal Bank Of Canada boosted their price target on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Down 1.8%

Shares of CARR stock opened at $60.12 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $76.76. The company’s 50-day moving average price is $67.56 and its 200-day moving average price is $64.14. The stock has a market cap of $49.56 billion, a price-to-earnings ratio of 41.75, a PEG ratio of 2.26 and a beta of 1.31.

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, 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 firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the business earned $0.92 earnings per share. Carrier Global’s revenue 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, equities analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current 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. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

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.