Boston Common Asset Management LLC Has $24.56 Million Stock Position in Carrier Global Co. (NYSE:CARR)

Boston Common Asset Management LLC grew its holdings in Carrier Global Co. (NYSE:CARR) by 4.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 305,174 shares of the company’s stock after purchasing an additional 14,239 shares during the quarter. Boston Common Asset Management LLC’s holdings in Carrier Global were worth $24,563,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Steigerwald Gordon & Koch Inc. boosted its stake in Carrier Global by 1.5% during the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 310,079 shares of the company’s stock worth $24,958,000 after acquiring an additional 4,511 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Carrier Global by 1.6% during the third quarter. UMB Bank n.a. now owns 13,150 shares of the company’s stock worth $1,058,000 after purchasing an additional 206 shares in the last quarter. Morton Capital Management LLC CA bought a new stake in shares of Carrier Global in the 3rd quarter valued at $241,000. Sanders Morris Harris LLC acquired a new stake in Carrier Global during the 3rd quarter worth $241,000. Finally, Wedmont Private Capital lifted its holdings in Carrier Global by 5.8% during the third quarter. Wedmont Private Capital now owns 20,779 shares of the company’s stock worth $1,671,000 after acquiring an additional 1,145 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Insider Buying and Selling at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $64.55, for a total value of $4,026,758.10. Following the completion of the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at approximately $6,652,910.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.95% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on CARR. Wolfe Research raised Carrier Global from an “underperform” rating to a “peer perform” rating in a research note on Friday, September 6th. Oppenheimer boosted their price objective on shares of Carrier Global from $74.00 to $88.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company lifted their price target on Carrier Global from $73.00 to $82.00 and gave the company an “equal weight” rating in a research note on Monday. Baird R W upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Finally, Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and boosted their target price for the company from $65.00 to $74.00 in a research note on Monday, June 24th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.36.

Carrier Global Trading Down 2.0 %

NYSE CARR opened at $80.43 on Friday. The business’s 50-day moving average price is $73.19 and its two-hundred day moving average price is $66.15. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $72.61 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.94 and a beta of 1.32. Carrier Global Co. has a 12 month low of $45.68 and a 12 month high of $82.16.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same period in the prior year, the firm earned $0.79 earnings per share. Carrier Global’s revenue was up 11.7% on a year-over-year basis. On average, analysts expect that Carrier Global Co. will post 2.85 EPS for the current year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.94%. Carrier Global’s dividend payout ratio (DPR) is presently 20.27%.

About Carrier Global

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.