Fjarde AP Fonden Fourth Swedish National Pension Fund Boosts Stock Position in Carrier Global Corporation $CARR

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Carrier Global Corporation (NYSE:CARR) by 36.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,139 shares of the company’s stock after purchasing an additional 48,150 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Carrier Global were worth $10,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in shares of Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after purchasing an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in Carrier Global in the fourth quarter valued at about $1,556,000. Cardinal Capital Management Inc. increased its holdings in Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after buying an additional 41,647 shares during the last quarter. Canoe Financial LP raised its stake in Carrier Global by 607.5% during the fourth quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after buying an additional 1,026,147 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Carrier Global by 3.8% during the third quarter. Legal & General Group Plc now owns 4,845,332 shares of the company’s stock valued at $289,266,000 after buying an additional 175,796 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR stock opened at $69.97 on Friday. The company has a market cap of $58.12 billion, a P/E ratio of 46.03, a PEG ratio of 2.81 and a beta of 1.31. The business has a 50 day moving average of $67.36 and a two-hundred day moving average of $61.55. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts anticipate that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 63.16%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays lifted their target price on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Sanford C. Bernstein began coverage on Carrier Global in a research report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price target on the stock. Royal Bank Of Canada raised their price objective on 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 lifted their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Finally, Mizuho boosted their target price on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.25.

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.