Mandatum Life Insurance Co Ltd Has $6.26 Million Stock Holdings in Carrier Global Corporation $CARR

Mandatum Life Insurance Co Ltd grew its position in Carrier Global Corporation (NYSE:CARR) by 36.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,157 shares of the company’s stock after purchasing an additional 29,495 shares during the quarter. Carrier Global makes up about 1.4% of Mandatum Life Insurance Co Ltd’s portfolio, making the stock its 16th largest position. Mandatum Life Insurance Co Ltd’s holdings in Carrier Global were worth $6,259,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. State Street Corp grew its holdings in Carrier Global by 1.1% in the fourth quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after purchasing an additional 351,490 shares during the period. Morgan Stanley lifted its position in shares of Carrier Global by 1.8% during the fourth quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after purchasing an additional 210,952 shares in the last quarter. Norges Bank purchased a new position in Carrier Global in the fourth quarter worth $380,299,000. PineStone Asset Management Inc. boosted its holdings in shares of Carrier Global by 34.6% in the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock worth $377,987,000 after buying an additional 1,837,985 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Carrier Global by 5.3% in the fourth quarter. Fiera Capital Corp now owns 6,923,485 shares of the company’s stock valued at $365,837,000 after acquiring an additional 348,812 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR stock opened at $69.62 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The business’s 50 day moving average price is $68.18 and its 200-day moving average price is $62.38. The firm has a market cap of $57.83 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.75 and a beta of 1.31. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.79 earnings per share for the current year.

Carrier Global Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CARR. Wolfe Research reiterated an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. The Goldman Sachs Group upped their price target on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Wells Fargo & Company raised their price target on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, Evercore boosted their price objective on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $73.51.

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.