Carrier Global Corporation $CARR Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in shares of Carrier Global Corporation (NYSE:CARR) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 184,149 shares of the company’s stock after selling 7,951 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carrier Global were worth $9,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Gulf International Bank UK Ltd lifted its position in shares of Carrier Global by 0.6% during the 4th quarter. Gulf International Bank UK Ltd now owns 40,444 shares of the company’s stock valued at $2,137,000 after buying an additional 227 shares in the last quarter. Norges Bank purchased a new position in shares of Carrier Global during the 4th quarter valued at approximately $380,299,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Carrier Global during the 4th quarter valued at approximately $7,991,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Carrier Global during the 4th quarter valued at approximately $472,000. Finally, King Luther Capital Management Corp purchased a new position in shares of Carrier Global during the 4th quarter valued at approximately $682,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 1.9%

NYSE CARR opened at $65.08 on Tuesday. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $61.60 and its 200-day simple moving average is $58.70. The firm has a market cap of $54.05 billion, a PE ratio of 42.81, a P/E/G ratio of 2.56 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the firm earned $0.65 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts anticipate that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Monday, May 4th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CARR shares. Mizuho raised their price objective on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Citigroup raised their price objective on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wells Fargo & Company raised their price objective on Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Evercore raised their price objective on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Finally, Wolfe Research raised their price objective on Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Twelve research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and a consensus target price of $74.04.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.