Daiichi Life Insurance Co. Ltd. Buys New Shares in Carrier Global Corporation $CARR

Key Points

• Daiichi Life Insurance bought 32,731 Carrier Global shares during the second quarter, valued at approximately $2.4 million. Institutional investors and hedge funds collectively own about 91% of the company.
• Carrier Global exceeded quarterly expectations, reporting $0.86 in earnings per share and $6.35 billion in revenue, while revenue increased 3.9% year over year.
• The company pays a quarterly dividend of $0.24, equivalent to an annualized $0.96 and a 1.6% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $73.67.

Daiichi Life Insurance Co. Ltd. bought a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,731 shares of the company's stock, valued at approximately $2,401,000.

Several other hedge funds have also recently added to or reduced their stakes in CARR. Johnson Financial Group Inc. acquired a new position in shares of Carrier Global in the 2nd quarter worth $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Carrier Global during the second quarter valued at $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company's stock valued at $28,000 after purchasing an additional 225 shares during the last quarter. Torren Management LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $25,000. Finally, Burnham & Co LLC purchased a new position in Carrier Global in the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Price Performance

Shares of CARR opened at $60.40 on Monday. The company has a market capitalization of $49.79 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 2.23 and a beta of 1.31. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The business's 50-day moving average is $67.37 and its 200-day moving average is $64.14.

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

Carrier Global Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on CARR shares. Zacks Research upgraded Carrier Global from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Wells Fargo & Company lifted their target price on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Rothschild & Co Redburn boosted their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a "neutral" rating in a report on Tuesday, May 5th. Barclays upped their price target on shares of Carrier Global from $67.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday, May 1st. Finally, Argus raised their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.

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