Boston Common Asset Management LLC Sells 32,142 Shares of Carrier Global Corporation $CARR

Key Points

• Boston Common Asset Management LLC reduced its position in Carrier Global Corporation by 11.2%, selling 32,142 shares and owning 256,127 shares valued at approximately $18.7 million at the end of the second quarter.
• Several brokerages have lowered their price targets for Carrier Global, with Citigroup and Royal Bank of Canada both setting a target of $75.00 while maintaining a "buy" rating.
• Carrier Global reported earnings of $0.92 per share, surpassing analysts' expectations, and has set its FY 2025 earnings guidance at 3.000-3.100 EPS.

Boston Common Asset Management LLC decreased its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 11.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 256,127 shares of the company's stock after selling 32,142 shares during the quarter. Boston Common Asset Management LLC's holdings in Carrier Global were worth $18,746,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Penobscot Investment Management Company Inc. increased its holdings in shares of Carrier Global by 0.7% during the second quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company's stock valued at $1,525,000 after acquiring an additional 155 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Carrier Global by 1.3% during the first quarter. Lindbrook Capital LLC now owns 12,294 shares of the company's stock valued at $779,000 after acquiring an additional 156 shares in the last quarter. Code Waechter LLC increased its holdings in shares of Carrier Global by 5.1% during the first quarter. Code Waechter LLC now owns 3,383 shares of the company's stock valued at $214,000 after acquiring an additional 164 shares in the last quarter. Abacus Wealth Partners LLC increased its holdings in shares of Carrier Global by 4.3% during the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company's stock valued at $291,000 after acquiring an additional 165 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in shares of Carrier Global by 2.9% during the first quarter. Chicago Partners Investment Group LLC now owns 6,055 shares of the company's stock valued at $424,000 after acquiring an additional 168 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CARR. Citigroup reduced their price target on Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a report on Friday, September 12th. Royal Bank Of Canada reduced their price target on Carrier Global from $87.00 to $75.00 and set an "outperform" rating for the company in a report on Friday, September 12th. Barclays reduced their price target on Carrier Global from $82.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday, September 11th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Carrier Global in a research report on Saturday, September 27th. Finally, The Goldman Sachs Group dropped their price objective on Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, September 12th. Twelve investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $79.00.

Carrier Global Trading Up 1.2%

Carrier Global stock opened at $59.63 on Friday. The stock has a market capitalization of $50.75 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.86 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The business's fifty day moving average is $64.27 and its 200 day moving average is $67.49. Carrier Global Corporation has a one year low of $54.22 and a one year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $6.11 billion for the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, sell-side analysts predict that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global 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.

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