Danske Bank A S Takes $19.80 Million Position in Carrier Global Corporation $CARR

Key Points

• Danske Bank acquired a new $19.8 million position in Carrier Global during the second quarter, purchasing 269,950 shares. Institutional investors and hedge funds collectively own approximately 91% of the company.
• Carrier Global reported quarterly revenue of $6.35 billion and earnings of $0.86 per share, exceeding analyst estimates, while revenue increased 3.9% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $73.67, compared with its reported opening price of $60.12.

Danske Bank A S bought a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 269,950 shares of the company's stock, valued at approximately $19,801,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Carrier Global during the second quarter worth about $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 worth $28,000 after purchasing an additional 225 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Carrier Global in the fourth quarter valued at approximately $33,000. Finally, Signature Equity Partners LLC boosted its position in Carrier Global by 449.2% in the first quarter. Signature Equity Partners LLC now owns 648 shares of the company's stock valued at $36,000 after buying an additional 530 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Down 1.8%

CARR opened at $60.12 on Friday. The company has a fifty day moving average of $67.56 and a two-hundred day moving average of $64.14. The stock has a market capitalization 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 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 quick ratio of 0.72 and a current ratio of 1.02.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results 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 business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the company posted $0.92 EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were issued a $0.24 dividend. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

A number of research firms have issued reports on CARR. Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Royal Bank Of Canada increased their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the stock an "outperform" rating in a research note on Friday, May 1st. Wolfe Research reissued an "outperform" rating and set a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Argus raised their target price on shares of Carrier Global from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Finally, Zacks Research raised shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One research 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $73.67.

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.

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