Carrier Global Corporation (NYSE:CARR) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 224.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155,573 shares of the company's stock after acquiring an additional 107,650 shares during the quarter. Teacher Retirement System of Texas' holdings in Carrier Global were worth $9,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CARR. Syon Capital LLC boosted its stake in Carrier Global by 2.2% during the 4th quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after purchasing an additional 155 shares during the last quarter. BOK Financial Private Wealth Inc. lifted 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 buying an additional 160 shares in the last quarter. Essex Financial Services Inc. boosted its position in Carrier Global by 0.4% during the first quarter. Essex Financial Services Inc. now owns 41,778 shares of the company's stock worth $2,649,000 after acquiring an additional 173 shares during the last quarter. Beck Mack & Oliver LLC grew its stake in Carrier Global by 1.9% during the 4th quarter. Beck Mack & Oliver LLC now owns 9,124 shares of the company's stock valued at $623,000 after acquiring an additional 174 shares in the last quarter. Finally, 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 valued at $26,000 after acquiring an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Mizuho set a $72.00 target price on shares of Carrier Global in a research note on Tuesday, April 22nd. Royal Bank Of Canada boosted their price objective on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 20th. The Goldman Sachs Group restated a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Melius Research upgraded Carrier Global to a "hold" rating and set a $90.00 price target on the stock in a report on Tuesday, July 1st. Finally, Barclays boosted their price target on shares of Carrier Global from $83.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Carrier Global has an average rating of "Moderate Buy" and a consensus target price of $83.82.

Carrier Global Trading Down 0.5%

Carrier Global stock traded down $0.38 during midday trading on Monday, reaching $75.27. 384,468 shares of the stock traded hands, compared to its average volume of 5,378,449. The firm has a market cap of $64.53 billion, a PE ratio of 11.65, a price-to-earnings-growth ratio of 2.09 and a beta of 1.31. 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 company has a 50-day simple moving average of $71.47 and a two-hundred day simple moving average of $67.36. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32.

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

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Investors of record on Monday, July 21st will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.90 annualized dividend and a yield of 1.20%. Carrier Global's dividend payout ratio is currently 13.93%.

Insiders Place Their Bets

In other Carrier Global news, Director Maximilian Viessmann sold 4,267,425 shares of the firm's stock in a transaction dated 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 transaction, the director owned 54,341,534 shares of the company's stock, valued at approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.20% of the stock is currently owned by company insiders.

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.