Daiichi Life Insurance Co. Ltd. Makes New Investment in Carrier Global Corporation $CARR

Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 32,731 shares of the company’s stock, valued at approximately $2,401,000.

Other large investors have also made changes to their positions in the company. Cardinal Capital Management Inc. raised its holdings in shares of Carrier Global by 7.1% during the 2nd quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock valued at $42,201,000 after purchasing an additional 37,934 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Carrier Global by 1.5% in the first quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock worth $80,547,000 after purchasing an additional 21,367 shares in the last quarter. Mandatum Life Insurance Co Ltd boosted its holdings in Carrier Global by 36.1% in the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock worth $6,259,000 after purchasing an additional 29,495 shares in the last quarter. Avity Investment Management Inc. increased its position in Carrier Global by 33.9% during the second quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock worth $14,265,000 after buying an additional 49,260 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Carrier Global by 275.3% during the second quarter. Assenagon Asset Management S.A. now owns 114,739 shares of the company’s stock worth $8,416,000 after buying an additional 84,165 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.0%

Carrier Global stock opened at $60.40 on Monday. The firm has a market cap of $49.79 billion, a price-to-earnings ratio of 41.94, a P/E/G ratio of 2.23 and a beta of 1.31. 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 Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The firm has a fifty day moving average price of $67.37 and a two-hundred day moving average price of $64.14.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The company 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 business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts forecast that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were paid a dividend of $0.24 per share. The ex-dividend date was Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.6%. Carrier Global’s dividend payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

CARR has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. The Goldman Sachs Group increased their price objective on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Robert W. Baird raised their price objective on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

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.