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

Key Points

• Nykredit A/S bought 163,968 shares of Carrier Global worth approximately $12.03 million in the second quarter. Institutional investors collectively own about 91% of the company’s stock.
• Analysts maintain a generally positive outlook, with Carrier Global holding a “Moderate Buy” consensus rating and an average price target of $73.67.
• Carrier reported quarterly earnings of $0.86 per share, exceeding estimates of $0.82, while revenue rose 3.9% year over year to $6.35 billion.

Nykredit A S bought a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) 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 - Get Free Report) 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.

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