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

Generali Investments Management Co LLC increased its position in shares of Carrier Global Corporation (NYSE:CARR) by 321.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,449 shares of the company’s stock after acquiring an additional 7,968 shares during the quarter. Generali Investments Management Co LLC’s holdings in Carrier Global were worth $766,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC raised its holdings in Carrier Global by 2.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after purchasing an additional 158 shares during the last quarter. Aigen Investment Management LP boosted its stake in shares of Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after purchasing an additional 166 shares during the last quarter. Advisory Alpha LLC boosted its stake in shares of Carrier Global by 2.9% in the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after purchasing an additional 171 shares during the last quarter. Texas Bank & Trust Co grew its position in shares of Carrier Global by 1.3% during the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after buying an additional 175 shares during the period. Finally, Advisor OS LLC grew its position in shares of Carrier Global by 0.8% during the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after buying an additional 178 shares during the period. Institutional investors own 91.00% of the company’s stock.

Carrier Global Price Performance

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

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities research 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 declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of recent research reports. Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Zacks Research upgraded shares of Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Barclays increased their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 price target on shares of Carrier Global in a research report on Thursday, July 30th. Finally, Robert W. Baird lifted their price objective on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.67.

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.