Boston Common Asset Management LLC Reduces Stock Holdings in Carrier Global Corporation $CARR

Boston Common Asset Management LLC trimmed its position in Carrier Global Corporation (NYSE:CARR) by 11.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 256,127 shares of the company’s stock after selling 32,142 shares during the period. Boston Common Asset Management LLC’s holdings in Carrier Global were worth $18,746,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Accredited Wealth Management LLC purchased a new position in shares of Carrier Global during the 1st quarter valued at about $28,000. Investment Research & Advisory Group Inc. purchased a new position in shares of Carrier Global during the 1st quarter valued at about $29,000. Graybill Wealth Management LTD. purchased a new position in shares of Carrier Global during the 1st quarter valued at about $38,000. Cheviot Value Management LLC purchased a new position in shares of Carrier Global during the 1st quarter valued at about $38,000. Finally, ORG Partners LLC lifted its position in shares of Carrier Global by 192.2% during the 2nd quarter. ORG Partners LLC now owns 754 shares of the company’s stock valued at $56,000 after buying an additional 496 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Up 1.2%

NYSE CARR opened at $59.63 on Friday. The stock’s 50 day moving average is $64.27 and its 200 day moving average is $67.49. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12 month low of $54.22 and a 12 month high of $83.32. The stock has a market cap of $50.75 billion, a PE ratio of 12.99, a P/E/G ratio of 1.86 and a beta of 1.25.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%.The business had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. Research analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CARR shares. Wolfe Research lowered their price objective on Carrier Global from $91.00 to $77.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Mizuho lowered their price objective on Carrier Global from $88.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, September 15th. Barclays lowered their price objective on Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 11th. Melius initiated coverage on Carrier Global in a report on Tuesday, July 1st. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Melius Research raised Carrier Global to a “hold” rating and set a $90.00 price target on the stock in a report on Tuesday, July 1st. Twelve equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $79.00.

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.