Carrier Global Corporation $CARR Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Carrier Global Corporation by 0.6%, now holding approximately 0.81% of the company, valued at $441.79 million.
• Carrier Global's recent earnings report showed a better-than-expected EPS of $0.92, beating the consensus estimate of $0.90, with revenue of $6.11 billion for the quarter.
• Analysts have mixed ratings on Carrier Global, with a current consensus rating of "Moderate Buy" and an average price target of $84.47.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,968,294 shares of the company's stock after acquiring an additional 38,233 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.81% of Carrier Global worth $441,790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its position in shares of Carrier Global by 51.8% during the first quarter. Golden State Wealth Management LLC now owns 1,389 shares of the company's stock worth $88,000 after buying an additional 474 shares in the last quarter. Bessemer Group Inc. raised its holdings in Carrier Global by 15.7% in the first quarter. Bessemer Group Inc. now owns 28,768 shares of the company's stock valued at $1,823,000 after acquiring an additional 3,900 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in Carrier Global in the first quarter valued at $234,000. Aberdeen Group plc raised its holdings in Carrier Global by 1.8% in the first quarter. Aberdeen Group plc now owns 717,658 shares of the company's stock valued at $44,854,000 after acquiring an additional 12,346 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in Carrier Global by 34.0% in the first quarter. Ritholtz Wealth Management now owns 3,968 shares of the company's stock valued at $252,000 after acquiring an additional 1,007 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CARR shares. Robert W. Baird cut their price target on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. restated a "neutral" rating and set a $79.00 price objective on shares of Carrier Global in a research note on Tuesday, July 15th. The Goldman Sachs Group reduced their price objective on Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a research note on Friday. Royal Bank Of Canada reduced their price objective on Carrier Global from $87.00 to $75.00 and set an "outperform" rating on the stock in a research note on Friday. Finally, Barclays reduced their price objective on Carrier Global from $82.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday. Ten research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $82.12.

Carrier Global Stock Performance

CARR stock traded down $0.62 during mid-day trading on Friday, reaching $61.68. The company had a trading volume of 5,224,873 shares, compared to its average volume of 5,945,904. The company has a quick ratio of 0.80, a current ratio of 1.17 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $52.49 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.76 and a beta of 1.25. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32. The stock's 50-day simple moving average is $69.37 and its two-hundred day simple moving average is $68.08.

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