Universal Beteiligungs und Servicegesellschaft mbH Trims Stake in Carrier Global Corporation $CARR

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Carrier Global Corporation (NYSE:CARR) by 6.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 904,289 shares of the company’s stock after selling 63,682 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.11% of Carrier Global worth $53,986,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. AdvisorShares Investments LLC acquired a new stake in shares of Carrier Global during the second quarter valued at $25,000. Winnow Wealth LLC purchased a new position in Carrier Global in the 2nd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in Carrier Global in the 2nd quarter valued at about $26,000. Clayton Financial Group LLC acquired a new stake in shares of Carrier Global during the 3rd quarter worth about $26,000. Finally, Traub Capital Management LLC purchased a new stake in shares of Carrier Global during the second quarter worth about $27,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CARR. Wolfe Research reduced their price objective on shares of Carrier Global from $74.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, January 15th. Morgan Stanley set a $55.00 price target on Carrier Global in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on Carrier Global from $70.00 to $64.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. The Goldman Sachs Group lowered their price objective on Carrier Global from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Finally, Mizuho dropped their target price on Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Carrier Global has a consensus rating of “Moderate Buy” and a consensus target price of $69.44.

Carrier Global Trading Up 4.7%

CARR stock opened at $57.82 on Thursday. The company has a market cap of $48.70 billion, a price-to-earnings ratio of 12.94, a PEG ratio of 2.20 and a beta of 1.31. The company has a quick ratio of 0.75, a current ratio of 1.14 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $53.80 and a 200-day simple moving average of $60.67. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, October 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.10. The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. On average, equities research analysts expect that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global announced that its board has initiated a stock repurchase program on Tuesday, October 28th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, January 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. Carrier Global’s dividend payout ratio (DPR) is presently 21.48%.

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.