Boston Family Office LLC Buys Shares of 6,800 Carrier Global Corporation $CARR

Key Points

• Boston Family Office LLC purchased 6,800 shares of Carrier Global Corporation, worth approximately $431,000, marking a new investment in the company.
• JPMorgan Chase & Co. increased its stake in Carrier Global by 17.6%, now owning over 31 million shares valued at nearly $1.97 billion.
• Analysts have mixed ratings on Carrier Global, with a consensus price target of $84.47 and seven analysts recommending a hold while ten suggest a buy.

Boston Family Office LLC acquired a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 6,800 shares of the company's stock, valued at approximately $431,000.

Other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in shares of Carrier Global in the 4th quarter worth about $28,000. Mattson Financial Services LLC bought a new stake in Carrier Global in the 4th quarter worth approximately $31,000. Investment Research & Advisory Group Inc. purchased a new stake in Carrier Global in the first quarter worth approximately $29,000. Mascagni Wealth Management Inc. bought a new position in Carrier Global during the fourth quarter valued at approximately $35,000. Finally, Transce3nd LLC purchased a new position in shares of Carrier Global during the fourth quarter worth approximately $37,000. Institutional investors own 91.00% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Melius started coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They issued a "hold" rating and a $90.00 price objective for the company. Morgan Stanley lowered their price target on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research note on Friday, August 8th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Robert W. Baird decreased their price objective on Carrier Global from $85.00 to $84.00 and set an "outperform" rating on the stock in a report on Wednesday, July 30th. Finally, Barclays cut their price objective on Carrier Global from $84.00 to $82.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Ten analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.47.

Carrier Global Stock Performance

Carrier Global stock traded down $0.2960 during midday trading on Wednesday, hitting $66.6840. The stock had a trading volume of 5,520,185 shares, compared to its average volume of 5,272,391. The company has a market capitalization of $56.75 billion, a PE ratio of 14.53, a P/E/G ratio of 1.83 and a beta of 1.25. Carrier Global Corporation has a 52-week low of $54.22 and a 52-week high of $83.32. The firm's fifty day moving average is $72.11 and its two-hundred day moving average is $68.14. 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 (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion for the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 21st were given a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.3%. Carrier Global's payout ratio is currently 19.61%.

Insiders Place Their Bets

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 7.20% of the company's stock.

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.