PFA Pension Forsikringsaktieselskab Invests $5.83 Million in Carrier Global Corporation $CARR

PFA Pension Forsikringsaktieselskab acquired a new position in shares of Carrier Global Corporation (NYSE:CARR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 109,097 shares of the company’s stock, valued at approximately $5,829,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital International Investors lifted its holdings 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 acquiring an additional 3,630,524 shares during the period. State Street Corp lifted its holdings 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 acquiring an additional 473,692 shares during the period. Fisher Asset Management LLC lifted its holdings 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 acquiring an additional 90,585 shares during the period. Dodge & Cox lifted its holdings 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 acquiring an additional 651,648 shares during the period. Finally, PineStone Asset Management Inc. increased 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 purchasing an additional 1,837,985 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Trading Down 2.5%

CARR opened at $65.91 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $55.06 billion, a PE ratio of 43.36, a PEG ratio of 2.70 and a beta of 1.38. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The firm has a 50-day moving average price of $59.74 and a two-hundred day moving average price of $57.72.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts anticipate that Carrier Global Corporation will post 2.8 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Analysts Set New Price Targets

CARR has been the subject of a number of recent analyst reports. Morgan Stanley set a $55.00 target price on shares of Carrier Global in a research report on Thursday, January 8th. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Rothschild & Co Redburn dropped their target price 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. BNP Paribas Exane initiated coverage on shares of Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.