Mediolanum International Funds Ltd Acquires New Shares in Carrier Global Corporation $CARR

Mediolanum International Funds Ltd bought a new stake in shares of Carrier Global Corporation (NYSE:CARR) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 96,886 shares of the company’s stock, valued at approximately $5,267,000.

A number of other institutional investors and hedge funds have also modified their holdings of CARR. YANKCOM Partnership boosted its position in shares of Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after buying an additional 208 shares during the last quarter. Torren Management LLC purchased a new position in Carrier Global in the 4th quarter worth about $25,000. True Wealth Design LLC lifted its stake in Carrier Global by 723.7% during 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 period. Union Bancaire Privee UBP SA purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $27,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of Carrier Global during the 4th quarter valued at about $33,000. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the subject of several research reports. Mizuho boosted their price objective on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Robert W. Baird raised their target price on shares of Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st. Rothschild & Co Redburn lifted their target price on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Wells Fargo & Company raised their price target on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. Finally, Argus upped their price objective on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.51.

Carrier Global Stock Down 2.3%

Shares of CARR stock opened at $67.08 on Tuesday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock has a market cap of $55.71 billion, a P/E ratio of 44.13, a P/E/G ratio of 2.75 and a beta of 1.31. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company has a 50 day simple moving average of $68.30 and a two-hundred day simple moving average of $62.80.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.79 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s payout ratio is 63.16%.

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.