Generali Asset Management SPA SGR Takes $2.58 Million Position in Carrier Global Co. (NYSE:CARR)

Generali Asset Management SPA SGR bought a new stake in shares of Carrier Global Co. (NYSE:CARR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 37,848 shares of the company’s stock, valued at approximately $2,584,000.

Other hedge funds have also recently modified their holdings of the company. RFG Advisory LLC grew its stake in shares of Carrier Global by 36.2% during the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock valued at $489,000 after buying an additional 1,904 shares during the last quarter. Princeton Global Asset Management LLC grew its stake in Carrier Global by 1,156.1% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock worth $1,410,000 after purchasing an additional 19,018 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Carrier Global by 12.3% in the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after purchasing an additional 11,032 shares in the last quarter. Cerity Partners LLC grew its stake in Carrier Global by 39.0% in the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after purchasing an additional 38,365 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in Carrier Global in the fourth quarter worth approximately $2,213,000. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of several research analyst reports. The Goldman Sachs Group initiated coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Citigroup dropped their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company dropped their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 12th. Northcoast Research started coverage on Carrier Global in a report on Friday, November 22nd. They set a “neutral” rating for the company. Finally, Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, February 24th. Five analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.53.

Carrier Global Stock Performance

Shares of CARR opened at $67.72 on Thursday. Carrier Global Co. has a 12 month low of $53.33 and a 12 month high of $83.32. The stock has a fifty day moving average price of $66.36 and a 200-day moving average price of $72.01. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market cap of $58.51 billion, a PE ratio of 10.78, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the prior year, the business posted $0.53 EPS. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Company 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.