Generali Asset Management SPA SGR Has $2.72 Million Position in Carrier Global Corporation $CARR

Key Points

• Generali Asset Management SPA SGR reduced its stake in Carrier Global Corporation by 11.9% during Q2, owning 37,167 shares valued at $2.72 million at the end of the reporting period.
• Carrier Global recently announced a quarterly dividend of $0.225, equating to an annualized basis of $0.90 and a yield of 1.6%, with the ex-dividend date set for October 29th.
• Analyst ratings for Carrier Global have shifted, with Zacks downgrading to a "strong sell" and Morgan Stanley reducing their target price from $75 to $60.

Generali Asset Management SPA SGR lessened its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 11.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,167 shares of the company's stock after selling 5,004 shares during the period. Generali Asset Management SPA SGR's holdings in Carrier Global were worth $2,720,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CARR. Accredited Wealth Management LLC acquired a new position in shares of Carrier Global during the 1st quarter valued at $28,000. Investment Research & Advisory Group Inc. bought a new stake in Carrier Global during the 1st quarter valued at $29,000. REAP Financial Group LLC bought a new stake in Carrier Global during the 2nd quarter valued at $29,000. Graybill Wealth Management LTD. bought a new stake in Carrier Global during the 1st quarter valued at $38,000. Finally, Cheviot Value Management LLC bought a new stake in Carrier Global during the 1st quarter valued at $38,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $56.64 on Friday. The company's 50-day moving average is $62.28 and its 200 day moving average is $66.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.80 and a current ratio of 1.17. The company has a market capitalization of $48.20 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.84 and a beta of 1.25. Carrier Global Corporation has a fifty-two week low of $54.22 and a fifty-two week high of $82.42.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, equities research analysts forecast that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, October 29th. Carrier Global's payout ratio is 19.61%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CARR shares. Zacks Research lowered shares of Carrier Global from a "hold" rating to a "strong sell" rating in a research note on Tuesday. Oppenheimer lowered shares of Carrier Global from an "outperform" rating to a "market perform" rating in a research note on Tuesday. Morgan Stanley reduced their target price on shares of Carrier Global from $75.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday. Citigroup reduced their target price on shares of Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, September 12th. Finally, Melius began coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 target price for the company. Eleven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $76.68.

Carrier Global Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.

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