Boston Common Asset Management LLC Has $565,000 Holdings in Carrier Global Corporation $CARR

Boston Common Asset Management LLC decreased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 96.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,472 shares of the company’s stock after selling 246,655 shares during the quarter. Boston Common Asset Management LLC’s holdings in Carrier Global were worth $565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Spirepoint Private Client LLC grew its position in Carrier Global by 547.7% in the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock valued at $3,623,000 after purchasing an additional 51,324 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in shares of Carrier Global by 24.1% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock valued at $12,931,000 after acquiring an additional 42,161 shares in the last quarter. Oak Thistle LLC acquired a new stake in shares of Carrier Global in the third quarter valued at about $1,986,000. Triasima Portfolio Management inc. acquired a new stake in shares of Carrier Global in the second quarter valued at about $1,421,000. Finally, Brookstone Capital Management raised its holdings in Carrier Global by 220.8% during the third quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock worth $3,096,000 after acquiring an additional 35,691 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CARR has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Carrier Global from $70.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Mizuho cut their price objective on Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Royal Bank Of Canada decreased their target price on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Friday, December 5th. Morgan Stanley set a $55.00 price target on shares of Carrier Global in a research report on Thursday, January 8th. Finally, UBS Group cut their price target on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.44.

Carrier Global Stock Up 4.7%

CARR opened at $57.82 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $53.80 and its 200 day simple moving average is $60.67. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $81.09. The stock has a market cap of $48.70 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 2.20 and a beta of 1.31.

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

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.7%. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date is Tuesday, January 20th. Carrier Global’s dividend payout ratio (DPR) is 21.48%.

Carrier Global announced that its board has authorized a stock buyback program on Tuesday, October 28th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the company to purchase up to 10.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.