Carrier Global Co. (NYSE:CARR) Shares Sold by Boston Common Asset Management LLC

Boston Common Asset Management LLC decreased its position in shares of Carrier Global Co. (NYSE:CARR - Free Report) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,269 shares of the company's stock after selling 17,927 shares during the quarter. Boston Common Asset Management LLC's holdings in Carrier Global were worth $18,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its stake in Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in Carrier Global during the 4th quarter worth $28,000. Mattson Financial Services LLC acquired a new stake in Carrier Global during the 4th quarter worth $31,000. Finally, Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global during the 4th quarter worth $31,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays lifted their price objective on Carrier Global from $83.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Robert W. Baird lifted their price objective on Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 20th. Mizuho set a $72.00 price objective on Carrier Global in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. lifted their price objective on Carrier Global from $66.00 to $79.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $83.00.

Carrier Global Trading Down 1.7%

CARR traded down $1.22 on Monday, hitting $69.98. The company had a trading volume of 1,688,395 shares, compared to its average volume of 5,605,599. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market cap of $59.99 billion, a P/E ratio of 11.14, a PEG ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1 year low of $54.22 and a 1 year high of $83.32. The company's fifty day moving average price is $65.63 and its 200 day moving average price is $67.72.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The firm had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. During the same period in the previous year, the firm posted $0.51 EPS. Carrier Global's revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Friday, May 2nd were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.90 annualized dividend and a dividend yield of 1.29%. Carrier Global's dividend payout ratio is currently 13.93%.

Carrier Global Company Profile

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.