OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Invests $12.77 Million in Carrier Global Co. (NYSE:CARR)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Carrier Global Co. (NYSE:CARR - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 187,000 shares of the company's stock, valued at approximately $12,765,000. Carrier Global makes up about 1.0% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's investment portfolio, making the stock its 27th largest position.

Other large investors have also added to or reduced their stakes in the company. RFG Advisory LLC boosted its holdings in Carrier Global by 36.2% in the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company's stock worth $489,000 after acquiring an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC raised its position in shares of Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company's stock valued at $1,410,000 after purchasing an additional 19,018 shares during the last quarter. Miracle Mile Advisors LLC acquired a new stake in Carrier Global in the 4th quarter worth approximately $2,213,000. Waldron Private Wealth LLC grew its position in Carrier Global by 90.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,532 shares of the company's stock worth $1,128,000 after purchasing an additional 7,854 shares during the last quarter. Finally, Ensign Peak Advisors Inc grew its position in Carrier Global by 27.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,314,180 shares of the company's stock worth $89,706,000 after purchasing an additional 285,803 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Mizuho set a $72.00 target price on Carrier Global in a research note on Tuesday, April 22nd. Citigroup reduced their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. increased their price target on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday. Wells Fargo & Company boosted their price objective on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, Royal Bank of Canada raised their target price on Carrier Global from $71.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and a consensus price target of $82.53.

Carrier Global Trading Up 2.9%

Shares of CARR traded up $2.15 during midday trading on Friday, reaching $75.63. The company had a trading volume of 7,296,531 shares, compared to its average volume of 4,600,596. The firm has a 50 day simple moving average of $64.33 and a 200-day simple moving average of $67.97. The company has a quick ratio of 0.96, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock has a market cap of $64.83 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. Carrier Global's revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.51 EPS. Research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.19%. Carrier Global's payout ratio is currently 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.