Carrier Global Corporation $CARR Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Carrier Global Corporation (NYSE:CARR) by 17.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 967,971 shares of the company’s stock after buying an additional 143,765 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Carrier Global worth $70,846,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CARR. AdvisorShares Investments LLC bought a new position in shares of Carrier Global during the second quarter valued at approximately $25,000. Accredited Wealth Management LLC acquired a new stake in shares of Carrier Global during the first quarter worth $28,000. REAP Financial Group LLC purchased a new stake in shares of Carrier Global in the 2nd quarter valued at approximately $29,000. Westside Investment Management Inc. boosted its stake in shares of Carrier Global by 387.0% during the 2nd quarter. Westside Investment Management Inc. now owns 487 shares of the company’s stock valued at $36,000 after buying an additional 387 shares during the period. Finally, Cheviot Value Management LLC bought a new position in Carrier Global during the first quarter valued at approximately $38,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CARR. Barclays cut their price target on Carrier Global from $82.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, September 11th. Wolfe Research cut their target price on shares of Carrier Global from $76.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Mizuho decreased their price target on Carrier Global from $80.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, October 17th. Citigroup reduced their price objective on Carrier Global from $75.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. Finally, Rothschild & Co Redburn raised their target price on Carrier Global from $66.00 to $67.00 in a research note on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.94.

Carrier Global Trading Down 0.2%

CARR stock traded down $0.09 during midday trading on Monday, reaching $54.01. The company’s stock had a trading volume of 267,117 shares, compared to its average volume of 5,497,604. The business’s 50-day simple moving average is $58.84 and its 200-day simple moving average is $66.79. The stock has a market cap of $45.49 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 2.26 and a beta of 1.30. Carrier Global Corporation has a 52 week low of $53.50 and a 52 week high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.10. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the company earned $0.83 EPS. The firm’s revenue was down 6.8% on a year-over-year basis. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. As a group, sell-side analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Stockholders of record on Wednesday, October 29th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s dividend payout ratio is 20.13%.

Carrier Global declared that its board has initiated a share buyback program on Tuesday, October 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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.