Carrier Global Corporation $CARR Shares Acquired by Mandatum Life Insurance Co Ltd

Mandatum Life Insurance Co Ltd increased its position in Carrier Global Corporation (NYSE:CARR) by 20.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,662 shares of the company’s stock after buying an additional 14,120 shares during the period. Carrier Global comprises 1.0% of Mandatum Life Insurance Co Ltd’s portfolio, making the stock its 25th largest holding. Mandatum Life Insurance Co Ltd’s holdings in Carrier Global were worth $4,315,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CARR. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Carrier Global in the third quarter valued at approximately $25,000. YANKCOM Partnership raised its position in shares of Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the last quarter. Torren Management LLC acquired a new position in shares of Carrier Global in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates raised its position in shares of Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. Finally, True Wealth Design LLC raised its position in shares of Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada increased their price target on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. The Goldman Sachs Group increased their price target on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Wolfe Research increased their price target on shares of Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Finally, Citigroup increased their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.04.

Carrier Global Price Performance

Shares of CARR stock opened at $67.18 on Friday. The company has a market capitalization of $55.79 billion, a PE ratio of 44.19, a price-to-earnings-growth ratio of 2.75 and a beta of 1.34. The firm has a fifty day simple moving average of $62.30 and a 200-day simple moving average of $59.02. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last announced its earnings results 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 business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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

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.