Nykredit A S Buys Shares of 151,039 Carrier Global Corporation $CARR

Key Points

• Nykredit A/S bought 151,039 Carrier Global shares during the second quarter, valued at approximately $11.1 million. Institutional investors own about 91% of the company.
• Analyst sentiment is broadly positive, with Carrier holding a consensus “Moderate Buy” rating and an average price target of $73.60; ratings include one Strong Buy, 11 Buys and nine Holds.
• Carrier exceeded quarterly expectations, reporting $0.86 in EPS versus an $0.82 estimate and $6.35 billion in revenue versus $6.02 billion expected. The stock opened at $53.87, near its 12-month low of $50.24.

Nykredit A S bought a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 151,039 shares of the company's stock, valued at approximately $11,079,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new position in Carrier Global during the 2nd quarter worth about $590,759,000. Bank of America Corp DE acquired a new stake in shares of Carrier Global in the second quarter valued at about $572,908,000. Norges Bank acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $380,299,000. Fiera Capital Corp raised its position in shares of Carrier Global by 5.3% during the fourth quarter. Fiera Capital Corp now owns 6,923,485 shares of the company's stock worth $365,837,000 after acquiring an additional 348,812 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Carrier Global by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company's stock worth $354,188,000 after acquiring an additional 246,723 shares during the period. 91.00% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CARR. Morgan Stanley upped their target price on Carrier Global from $55.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, May 28th. Sanford C. Bernstein restated a "market perform" rating and issued a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carrier Global in a research note on Monday, July 20th. Citigroup increased their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. Finally, Zacks Research raised Carrier Global from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.60.

Carrier Global Stock Performance

CARR stock opened at $53.87 on Monday. The business has a 50 day moving average of $61.96 and a 200-day moving average of $63.21. The firm has a market cap of $44.40 billion, a PE ratio of 37.41, a P/E/G ratio of 2.08 and a beta of 1.30. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, sell-side analysts expect that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Profile

Carrier Global Corporation NYSE: CARR is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.