Nykredit A S Makes New $12.03 Million Investment in Carrier Global Corporation $CARR

Nykredit A S bought a new stake in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 163,968 shares of the company’s stock, valued at approximately $12,027,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in Carrier Global in the 2nd quarter valued at $590,759,000. Bank of America Corp DE bought a new stake in shares of Carrier Global during the 2nd quarter worth $572,908,000. Norges Bank purchased a new position in shares of Carrier Global in the 4th quarter worth about $380,299,000. Legal & General Group Plc purchased a new position in shares of Carrier Global in the 2nd quarter worth about $322,366,000. Finally, Primecap Management Co. CA bought a new position in Carrier Global during the second quarter valued at about $283,585,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CARR shares. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Sanford C. Bernstein reissued a “market perform” rating and set a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. Wolfe Research restated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. Morgan Stanley lifted their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Trading Up 1.0%

Shares of Carrier Global stock opened at $59.69 on Friday. The stock has a market capitalization of $49.20 billion, a P/E ratio of 41.45, a P/E/G ratio of 2.28 and a beta of 1.30. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The stock’s 50-day simple moving average is $64.67 and its 200 day simple moving average is $63.73.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $6.02 billion. During the same quarter last year, the business earned $0.92 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, research analysts anticipate that Carrier Global Corporation will post 2.87 EPS for the current year.

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.