Eurizon Capital SGR S.p.A. Acquires Shares of 151,189 Carrier Global Corporation $CARR

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the 4th quarter, Holdings Channel.com reports. The fund acquired 151,189 shares of the company’s stock, valued at approximately $7,991,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CARR. KERR FINANCIAL PLANNING Corp bought a new position in shares of Carrier Global during the 3rd quarter valued at about $25,000. YANKCOM Partnership lifted its holdings in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares during the last quarter. Torren Management LLC bought a new position in shares of Carrier Global in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates lifted its holdings in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares during the last quarter. Finally, True Wealth Design LLC lifted its holdings in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $63.92 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The firm has a market capitalization of $53.09 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 2.56 and a beta of 1.34. The company’s 50-day moving average is $61.48 and its 200 day moving average is $58.64.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm’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. Research analysts forecast that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, May 4th. Carrier Global’s dividend payout ratio is 63.16%.

Analysts Set New Price Targets

A number of brokerages recently commented on CARR. The Goldman Sachs Group increased their price target on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Evercore increased their price target on shares of Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Robert W. Baird increased their price target on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Wolfe Research increased their price target on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Finally, Rothschild & Co Redburn increased their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus price target of $74.04.

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.