Carrier Global Co. (NYSE:CARR) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 15.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,930,061 shares of the company's stock after purchasing an additional 936,892 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.77% of Carrier Global worth $473,046,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Waverly Advisors LLC grew its position in shares of Carrier Global by 64.4% during the fourth quarter. Waverly Advisors LLC now owns 14,491 shares of the company's stock worth $989,000 after purchasing an additional 5,678 shares in the last quarter. Williams Jones Wealth Management LLC. grew its position in shares of Carrier Global by 3.5% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 312,987 shares of the company's stock worth $21,364,000 after purchasing an additional 10,496 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Carrier Global during the fourth quarter worth about $6,376,000. Sone Capital Management LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth about $1,976,000. Finally, Vident Advisory LLC grew its position in shares of Carrier Global by 1,551.3% during the fourth quarter. Vident Advisory LLC now owns 224,637 shares of the company's stock worth $15,334,000 after purchasing an additional 211,033 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Carrier Global Trading Down 1.1%

CARR stock traded down $0.77 during midday trading on Friday, reaching $71.00. 4,450,718 shares of the company traded hands, compared to its average volume of 4,639,541. Carrier Global Co. has a 52-week low of $54.22 and a 52-week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The business has a 50 day moving average of $65.21 and a 200-day moving average of $67.98. The firm has a market capitalization of $60.87 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 2.01 and a beta of 1.33.

Carrier Global (NYSE:CARR - Get Free Report) last issued 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. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.17 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The company's quarterly revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd were given a dividend of $0.225 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.27%. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

Analyst Ratings Changes

CARR has been the subject of several research analyst reports. Barclays increased their target price on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research report on Wednesday. Royal Bank of Canada increased their target price on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday. Northcoast Research upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a research report on Friday, May 9th. Finally, Robert W. Baird increased their price target on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a research note on Tuesday. Four investment 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 company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $83.00.

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.