Boston Common Asset Management LLC Buys 1,022 Shares of Carrier Global Co. (NYSE:CARR)

Boston Common Asset Management LLC increased its stake in Carrier Global Co. (NYSE:CARR) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 306,196 shares of the company’s stock after buying an additional 1,022 shares during the quarter. Boston Common Asset Management LLC’s holdings in Carrier Global were worth $20,901,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CARR. Frank Rimerman Advisors LLC boosted its stake in shares of Carrier Global by 54,708.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock worth $864,000 after purchasing an additional 13,677 shares during the period. Cerity Partners LLC boosted its position in shares of Carrier Global by 39.0% during the third quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after buying an additional 38,365 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Carrier Global by 12.3% during the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock valued at $8,084,000 after buying an additional 11,032 shares during the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Carrier Global in the third quarter worth approximately $1,068,000. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Carrier Global during the 4th quarter worth approximately $2,213,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CARR has been the topic of a number of recent analyst reports. Mizuho increased their target price on Carrier Global from $65.00 to $78.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer upped their target price on shares of Carrier Global from $74.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Northcoast Research started coverage on Carrier Global in a report on Friday, November 22nd. They issued a “neutral” rating for the company. The Goldman Sachs Group initiated coverage on Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 price objective on the stock. Finally, Barclays lowered their target price on Carrier Global from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $83.93.

Carrier Global Stock Up 1.0 %

Shares of CARR stock traded up $0.67 during trading hours on Friday, reaching $70.41. 675,111 shares of the company’s stock were exchanged, compared to its average volume of 3,991,401. Carrier Global Co. has a 1 year low of $53.13 and a 1 year high of $83.32. The company has a current ratio of 1.08, a quick ratio of 0.82 and a debt-to-equity ratio of 0.69. The stock has a market cap of $63.17 billion, a PE ratio of 17.84, a PEG ratio of 2.03 and a beta of 1.36. The stock’s fifty day moving average price is $72.21 and its two-hundred day moving average price is $72.14.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.225 per share. This is a positive change from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, December 20th. This represents a $0.90 dividend on an annualized basis and a yield of 1.28%. Carrier Global’s dividend payout ratio is presently 22.78%.

Carrier Global announced that its Board of Directors has authorized a share repurchase plan on Thursday, October 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.