203,595 Shares in Carrier Global Corporation $CARR Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co bought a new stake in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 203,595 shares of the company’s stock, valued at approximately $14,934,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in Carrier Global during the 2nd quarter worth $590,759,000. Norges Bank acquired a new position in shares of Carrier Global during the fourth quarter valued at $380,299,000. Deutsche Bank AG acquired a new position in shares of Carrier Global during the second quarter valued at $166,165,000. Ontario Teachers Pension Plan Board bought a new stake in shares of Carrier Global during the fourth quarter valued at about $99,839,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Carrier Global during the second quarter valued at about $136,714,000. Institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CARR shares. The Goldman Sachs Group upped their price objective on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Wells Fargo & Company raised their target price on shares of Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Finally, Barclays increased their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Stock Up 0.0%

CARR stock opened at $60.40 on Monday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The firm has a market cap of $49.79 billion, a PE ratio of 41.94, a P/E/G ratio of 2.23 and a beta of 1.31. The firm has a 50 day simple moving average of $67.37 and a 200 day simple moving average of $64.14. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72.

Carrier Global (NYSE:CARR) 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. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

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.