Universal Beteiligungs und Servicegesellschaft mbH Has $52.26 Million Holdings in Carrier Global Corporation (NYSE:CARR)

Universal Beteiligungs und Servicegesellschaft mbH lowered its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 824,206 shares of the company's stock after selling 5,405 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Carrier Global worth $52,255,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CARR. Ritter Daniher Financial Advisory LLC DE grew its holdings in Carrier Global by 90.0% in the 4th 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. Park Square Financial Group LLC acquired a new stake in shares of Carrier Global during the 4th quarter valued at $28,000. Investment Research & Advisory Group Inc. acquired a new stake in shares of Carrier Global during the 1st quarter valued at $29,000. Mattson Financial Services LLC purchased a new stake in shares of Carrier Global in the fourth quarter valued at $31,000. Finally, Meeder Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 340 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Insider Buying and Selling

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $70.30, for a total value of $299,999,977.50. Following the transaction, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.20% of the company's stock.

Analyst Upgrades and Downgrades

CARR has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on Carrier Global from $65.00 to $75.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Melius initiated coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They set a "hold" rating and a $90.00 price target for the company. Robert W. Baird cut their price target on shares of Carrier Global from $88.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, July 17th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $79.00 price target on shares of Carrier Global in a report on Tuesday, July 15th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $84.65.

Carrier Global Stock Up 1.7%

NYSE:CARR traded up $1.34 on Friday, hitting $80.78. 1,989,080 shares of the company's stock were exchanged, compared to its average volume of 5,244,872. The firm has a 50-day moving average price of $73.44 and a 200-day moving average price of $68.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.20 and a quick ratio of 0.83. Carrier Global Corporation has a 52 week low of $54.22 and a 52 week high of $83.32. The company has a market cap of $69.26 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate 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 net margin of 25.45% and a return on equity of 18.10%. The company's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. As a group, analysts expect that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.11%. Carrier Global's dividend payout ratio is 13.93%.

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.