Teacher Retirement System of Texas Buys 18,690 Shares of Carrier Global Corporation $CARR

Key Points

• Teacher Retirement System of Texas increased its stake in Carrier Global by 15.7%, buying 18,690 shares to hold 137,788 shares valued at $7.281 million.
• Carrier posted Q4 EPS of $0.34 (vs. $0.36 expected) and revenue of $4.84B (down 6% YoY), and set FY2026 guidance at 2.800 EPS while analysts forecast about 2.74 EPS.
• Analysts carry a consensus Moderate Buy rating with an average price target of $69.79 (13 Buys, 10 Holds); the stock trades near $61 and the company announced a $0.24 quarterly dividend (1.6% yield).

Teacher Retirement System of Texas grew its stake in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 137,788 shares of the company's stock after buying an additional 18,690 shares during the period. Teacher Retirement System of Texas' holdings in Carrier Global were worth $7,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ironwood Investment Counsel LLC increased its stake in Carrier Global by 4.6% in the third quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company's stock valued at $244,000 after purchasing an additional 181 shares in the last quarter. Code Waechter LLC increased its stake in Carrier Global by 5.0% in the fourth quarter. Code Waechter LLC now owns 3,983 shares of the company's stock valued at $210,000 after purchasing an additional 189 shares in the last quarter. JFS Wealth Advisors LLC increased its stake in Carrier Global by 13.7% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,586 shares of the company's stock valued at $84,000 after purchasing an additional 191 shares in the last quarter. Diversified Trust Co increased its stake in Carrier Global by 1.1% in the third quarter. Diversified Trust Co now owns 17,444 shares of the company's stock valued at $1,041,000 after purchasing an additional 194 shares in the last quarter. Finally, World Investment Advisors increased its stake in Carrier Global by 2.4% in the third quarter. World Investment Advisors now owns 8,517 shares of the company's stock valued at $508,000 after purchasing an additional 199 shares in the last quarter. Institutional investors own 91.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CARR. Mizuho lowered their target price on shares of Carrier Global from $75.00 to $67.00 and set an "outperform" rating for the company in a research note on Monday, January 5th. Rothschild & Co Redburn lowered their price target on Carrier Global from $67.00 to $61.00 and set a "neutral" rating for the company in a report on Wednesday, January 21st. Wolfe Research raised their price target on Carrier Global from $75.00 to $76.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 8th. The Goldman Sachs Group lifted their price objective on Carrier Global from $68.00 to $74.00 and gave the company a "buy" rating in a report on Friday, February 6th. Finally, CICC Research lowered their target price on Carrier Global from $76.85 to $69.78 and set an "outperform" rating for the company in a research note on Wednesday, February 11th. Thirteen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $69.79.

Carrier Global Price Performance

NYSE CARR opened at $61.08 on Monday. The business has a 50 day simple moving average of $59.86 and a 200 day simple moving average of $57.55. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $81.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The stock has a market cap of $51.03 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.48 and a beta of 1.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the previous year, the company posted $0.54 earnings per share. Carrier Global's revenue for the quarter was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts anticipate that Carrier Global Corporation will post 2.74 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global's dividend payout ratio (DPR) is currently 56.14%.

About Carrier Global

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.

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