Fideuram Asset Management Ireland dac Acquires New Position in Carrier Global Corporation $CARR

Fideuram Asset Management Ireland dac acquired a new stake in shares of Carrier Global Corporation (NYSE:CARR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 8,933 shares of the company’s stock, valued at approximately $472,000.

Several other large investors also recently bought and sold shares of the business. King Luther Capital Management Corp purchased a new stake in Carrier Global during the 4th quarter valued at about $682,000. M3 Wealth Management LLC purchased a new stake in Carrier Global during the 4th quarter valued at about $239,000. Malaga Cove Capital LLC grew its stake in Carrier Global by 15.9% during the 4th quarter. Malaga Cove Capital LLC now owns 8,054 shares of the company’s stock valued at $426,000 after acquiring an additional 1,106 shares in the last quarter. Allstate Corp grew its stake in Carrier Global by 103.7% during the 4th quarter. Allstate Corp now owns 54,654 shares of the company’s stock valued at $2,888,000 after acquiring an additional 27,823 shares in the last quarter. Finally, Choate Investment Advisors grew its stake in Carrier Global by 16.7% during the 4th quarter. Choate Investment Advisors now owns 16,742 shares of the company’s stock valued at $885,000 after acquiring an additional 2,401 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Carrier Global stock opened at $63.92 on Friday. The firm has a 50 day simple moving average of $61.48 and a 200-day simple moving average of $58.64. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The stock has a market cap of $53.09 billion, a price-to-earnings ratio of 42.05, a price-to-earnings-growth ratio of 2.54 and a beta of 1.38.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating 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 analysts’ expectations of $5.01 billion. During the same quarter in the prior year, the company posted $0.65 EPS. The business’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, analysts expect that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CARR shares. Wolfe Research upped their price objective on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Citigroup increased their price target on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 1st. BNP Paribas Exane assumed coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price target for the company. Royal Bank Of Canada increased their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus target price of $74.04.

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.