California State Teachers Retirement System Has $65.96 Million Stock Position in Carrier Global Corporation $CARR

California State Teachers Retirement System lowered its position in Carrier Global Corporation (NYSE:CARR) by 3.2% during the 1st quarter, Holdings Channel reports. The fund owned 1,171,356 shares of the company’s stock after selling 39,128 shares during the period. California State Teachers Retirement System’s holdings in Carrier Global were worth $65,959,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CARR. Torren Management LLC acquired a new position in shares of Carrier Global during the fourth quarter worth approximately $25,000. YANKCOM Partnership grew its position in Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after purchasing an additional 208 shares during the period. Garton & Associates Financial Advisors LLC bought a new stake in Carrier Global during the 4th quarter valued at $33,000. Signature Equity Partners LLC increased its stake in Carrier Global by 449.2% during the 1st quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after purchasing an additional 530 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in Carrier Global during the fourth quarter worth $39,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CARR. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $78.00 price objective on shares of Carrier Global in a research note on Thursday. Mizuho upped their target price on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Rothschild & Co Redburn raised their price target on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research note on Monday, July 20th. Finally, Morgan Stanley boosted their price objective on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Twelve analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $73.67.

Carrier Global Stock Performance

Shares of CARR opened at $61.36 on Friday. The stock has a 50 day moving average of $68.54 and a 200 day moving average of $63.49. The company has a market capitalization of $50.97 billion, a price-to-earnings ratio of 42.61, a PEG ratio of 2.32 and a beta of 1.31. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, sell-side analysts forecast that Carrier Global Corporation will post 2.88 earnings per share for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be given a $0.24 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.6%. Carrier Global’s payout ratio is currently 66.67%.

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.