UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Holdings in Carrier Global Corporation $CARR

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Carrier Global Corporation (NYSE:CARR) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,011,257 shares of the company’s stock after selling 495,507 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of Carrier Global worth $440,926,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of Carrier Global by 30.3% during the fourth quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after purchasing an additional 23,200 shares during the last quarter. United Bank boosted its holdings in Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after purchasing an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. grew its position in Carrier Global by 33.7% in the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock worth $1,242,000 after purchasing an additional 4,277 shares during the period. Finally, Guggenheim Capital LLC grew its position in Carrier Global by 6.0% in the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock worth $725,000 after purchasing an additional 561 shares during the period. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Trading Down 0.1%

NYSE:CARR opened at $58.73 on Monday. 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 firm has a market capitalization of $48.41 billion, a price-to-earnings ratio of 40.78, a price-to-earnings-growth ratio of 2.18 and a beta of 1.31. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The business has a fifty day moving average price of $66.15 and a 200-day moving average price of $63.97.

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

Carrier Global Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CARR. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. JPMorgan Chase & Co. upped their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Wolfe Research reissued an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. Sanford C. Bernstein reissued a “market perform” rating and issued a $78.00 target price on shares of Carrier Global in a research report on Thursday, July 30th. Finally, Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.67.

About Carrier Global

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.