Generali Investments Management Co LLC Buys 7,968 Shares of Carrier Global Corporation $CARR

Generali Investments Management Co LLC increased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 321.2% during the second quarter, HoldingsChannel reports. The fund owned 10,449 shares of the company’s stock after buying an additional 7,968 shares during the period. Generali Investments Management Co LLC’s holdings in Carrier Global were worth $766,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC raised its stake in shares of Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after purchasing an additional 1,850 shares during the period. AQR Capital Management LLC boosted its position in shares of Carrier Global by 51.5% during the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after buying an additional 23,200 shares during the period. United Bank grew its holdings in shares of Carrier Global by 41.2% during the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after buying an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of Carrier Global by 33.7% during the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after buying an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC raised its position in Carrier Global by 6.0% in the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after buying an additional 561 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Trading Down 1.1%

NYSE CARR opened at $63.33 on Tuesday. The company has a market cap of $52.20 billion, a PE ratio of 43.98, a PEG ratio of 2.48 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The stock has a 50 day moving average of $68.52 and a 200-day moving average of $63.90.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The business 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 was up 3.9% on a year-over-year basis. During the same period last year, the business earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities research analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Morgan Stanley boosted their target price on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. Barclays lifted 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. Evercore boosted their price objective on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.