Eurizon Capital SGR S.p.A. Acquires New Shares in Carrier Global Corporation $CARR

Eurizon Capital SGR S.p.A. acquired a new stake in Carrier Global Corporation (NYSE:CARR) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 added to or reduced their stakes in CARR. Capital International Investors raised its stake in Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Carrier Global by 506.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after buying an additional 3,496,372 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Carrier Global by 461.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock valued at $130,003,000 after buying an additional 2,022,136 shares during the last quarter. PineStone Asset Management Inc. raised its stake in Carrier Global by 34.6% during the 4th quarter. PineStone Asset Management Inc. now owns 7,153,429 shares of the company’s stock valued at $377,987,000 after buying an additional 1,837,985 shares during the last quarter. Finally, Causeway Capital Management LLC purchased a new stake in Carrier Global during the 3rd quarter valued at $87,549,000. 91.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CARR shares. Weiss Ratings upgraded Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Citigroup upped their price objective on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Barclays upped their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Twelve investment 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.04.

Carrier Global Trading Up 0.1%

Shares of CARR stock opened at $63.92 on Monday. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. 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 firm has a market capitalization of $53.09 billion, a PE ratio of 42.05, a PEG ratio of 2.56 and a beta of 1.34. The stock has a fifty day simple moving average of $61.48 and a two-hundred day simple moving average of $58.64.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the business posted $0.65 EPS. Carrier Global’s revenue for the quarter was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts predict that Carrier Global Corporation will post 2.78 EPS for the current fiscal year.

Carrier Global Announces Dividend

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

About Carrier Global

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.