California State Teachers Retirement System Sells 59,218 Shares of Carrier Global Corporation $CARR

California State Teachers Retirement System lowered its holdings in Carrier Global Corporation (NYSE:CARR - Free Report) by 5.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,112,138 shares of the company's stock after selling 59,218 shares during the quarter. California State Teachers Retirement System owned 0.13% of Carrier Global worth $81,575,322 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in shares of Carrier Global in the second quarter valued at $1,632,000. Wedmont Private Capital grew its position in shares of Carrier Global by 2.8% in the 2nd quarter. Wedmont Private Capital now owns 17,840 shares of the company's stock valued at $1,237,000 after purchasing an additional 488 shares during the period. Ameliora Wealth Management Ltd. acquired a new position in shares of Carrier Global during the 2nd quarter worth about $320,000. HB Wealth Management LLC increased its stake in Carrier Global by 10.3% during the 2nd quarter. HB Wealth Management LLC now owns 47,436 shares of the company's stock worth $3,479,000 after acquiring an additional 4,437 shares during the period. Finally, Nilsine Partners LLC bought a new stake in Carrier Global during the 2nd quarter worth approximately $2,186,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on CARR. Wolfe Research reissued an "outperform" rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Morgan Stanley increased their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 28th. Weiss Ratings restated a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. Finally, Zacks Research upgraded Carrier Global from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $73.67.

Carrier Global Trading Down 3.1%

Shares of NYSE CARR traded down $1.80 during trading on Tuesday, reaching $55.46. The company had a trading volume of 7,861,082 shares, compared to its average volume of 6,762,424. The stock has a market cap of $45.72 billion, a P/E ratio of 38.50, a PEG ratio of 2.21 and a beta of 1.30. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The company's fifty day moving average price is $63.05 and its 200-day moving average price is $63.45. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, research analysts expect that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Company Profile

Carrier Global Corporation NYSE: CARR is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air conditioning (HVAC) systems and related controls, building automation technologies, and services designed to improve indoor comfort, energy efficiency and building performance.

Carrier also provides refrigeration equipment and systems for commercial, industrial and transportation applications, supporting food preservation and cold-chain operations.

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