Carrier Global Corporation (NYSE:CARR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 10.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 583,834 shares of the company's stock after selling 64,703 shares during the period. New York State Teachers Retirement System owned approximately 0.07% of Carrier Global worth $37,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BOK Financial Private Wealth Inc. grew its stake in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE grew its stake in Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after purchasing an additional 180 shares in the last quarter. Park Square Financial Group LLC acquired a new position in Carrier Global during the 4th quarter worth $28,000. Investment Research & Advisory Group Inc. purchased a new stake in Carrier Global during the 1st quarter worth about $29,000. Finally, Mattson Financial Services LLC acquired a new stake in Carrier Global in the 4th quarter valued at about $31,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CARR. Citigroup lowered their price target on shares of Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a report on Monday, April 14th. Mizuho set a $72.00 price target on shares of Carrier Global in a research note on Tuesday, April 22nd. JPMorgan Chase & Co. upped their target price on shares of Carrier Global from $66.00 to $79.00 and gave the company an "overweight" rating in a report on Friday, May 16th. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research note on Wednesday, May 21st. Finally, Northcoast Research upgraded shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 price objective for the company in a research note on Friday, May 9th. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.82.

Insider Transactions at Carrier Global

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $70.30, for a total value of $299,999,977.50. Following the sale, the director owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 7.20% of the company's stock.

Carrier Global Stock Performance

Shares of NYSE:CARR traded up $0.98 during midday trading on Wednesday, hitting $75.28. The stock had a trading volume of 3,606,600 shares, compared to its average volume of 4,676,868. Carrier Global Corporation has a 1 year low of $54.22 and a 1 year high of $83.32. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $70.53 and a two-hundred day moving average price of $67.24. The company has a market capitalization of $64.54 billion, a PE ratio of 11.65, a P/E/G ratio of 2.05 and a beta of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to analysts' expectations of $5.17 billion. Carrier Global had a return on equity of 18.10% and a net margin of 25.45%. The company's quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. As a group, equities analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 8th. Shareholders of record on Monday, July 21st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 dividend on an annualized basis and a yield of 1.20%. Carrier Global's dividend payout ratio (DPR) is presently 13.93%.

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.