UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 495,507 Shares of Carrier Global Corporation $CARR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in Carrier Global Corporation (NYSE:CARR) by 7.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,011,257 shares of the company’s stock after selling 495,507 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Carrier Global were worth $440,926,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new stake in Carrier Global during the 2nd quarter valued at approximately $590,759,000. Bank of America Corp DE bought a new position in Carrier Global in the 2nd quarter worth approximately $572,908,000. Norges Bank bought a new position in Carrier Global in the 4th quarter worth approximately $380,299,000. Legal & General Group Plc purchased a new stake in Carrier Global during the 2nd quarter valued at approximately $322,366,000. Finally, Primecap Management Co. CA purchased a new stake in Carrier Global during the 2nd quarter valued at approximately $283,585,000. Institutional investors own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

CARR has been the topic of several recent analyst reports. Wolfe Research reiterated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Argus lifted their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Rothschild & Co Redburn boosted their price target on shares of Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Price Performance

NYSE:CARR opened at $58.73 on Monday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The firm has a market capitalization of $48.41 billion, a price-to-earnings ratio of 40.78, a PEG ratio of 2.18 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The business has a 50 day simple moving average of $66.15 and a 200-day simple moving average of $63.97.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities analysts forecast that Carrier Global Corporation will post 2.87 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Carrier Global’s payout ratio is 66.67%.

Carrier Global Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.