PFA Pension Forsikringsaktieselskab Acquires Shares of 109,097 Carrier Global Corporation $CARR

PFA Pension Forsikringsaktieselskab acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 109,097 shares of the company’s stock, valued at approximately $5,829,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital International Investors grew its position in shares of Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the period. State Street Corp grew its position in shares of Carrier Global by 1.4% during the 3rd 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 during the period. Fisher Asset Management LLC grew its position in shares of Carrier Global by 0.6% during the 3rd 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 during the period. Dodge & Cox grew its position in shares of Carrier Global by 5.1% during the 3rd 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 during the period. Finally, PineStone Asset Management Inc. grew its position in shares of Carrier Global by 34.6% during the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after buying an additional 1,837,985 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Down 2.5%

Shares of NYSE CARR opened at $65.91 on Tuesday. The stock has a market cap of $55.06 billion, a P/E ratio of 43.36, a P/E/G ratio of 2.70 and a beta of 1.38. The firm has a 50 day moving average price of $59.74 and a 200 day moving average price of $57.72. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts expect that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s payout ratio is currently 63.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CARR. Robert W. Baird lifted their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday. UBS Group lowered their price target on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Royal Bank Of Canada lifted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup lifted their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Rothschild & Co Redburn lowered their price target on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Thirteen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and a consensus price target of $73.39.

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.