UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Position in Carrier Global Co. (NYSE:CARR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Carrier Global Co. (NYSE:CARR) by 15.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,930,061 shares of the company’s stock after acquiring an additional 936,892 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Carrier Global were worth $473,046,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. raised its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after buying an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after buying an additional 180 shares in the last quarter. Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global in the fourth quarter valued at $31,000. Meeder Asset Management Inc. increased its stake in Carrier Global by 236.1% in the fourth quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after acquiring an additional 340 shares during the last quarter. Finally, Transce3nd LLC bought a new position in Carrier Global in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 1.3%

Shares of NYSE:CARR opened at $74.87 on Wednesday. The stock’s 50-day moving average price is $64.95 and its 200-day moving average price is $67.98. Carrier Global Co. has a 12-month low of $54.22 and a 12-month high of $83.32. The stock has a market capitalization of $64.19 billion, a P/E ratio of 11.92, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.17 billion. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. On average, equities analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.20%. Carrier Global’s dividend payout ratio is currently 13.93%.

Analyst Ratings Changes

A number of research firms recently commented on CARR. Mizuho set a $72.00 target price on Carrier Global in a research note on Tuesday, April 22nd. Royal Bank of Canada increased their target price on Carrier Global from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays increased their target price on Carrier Global from $83.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Northcoast Research raised Carrier Global from a “neutral” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Friday, May 9th. Finally, Robert W. Baird increased their target price on Carrier Global from $80.00 to $88.00 and gave the company an “outperform” rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $83.00.

About Carrier Global

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.