Texas Permanent School Fund Cuts Stock Position in Carrier Global Co. (NYSE:CARR)

Texas Permanent School Fund lessened its stake in Carrier Global Co. (NYSE:CARRGet Rating) by 7.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,967 shares of the company’s stock after selling 8,559 shares during the quarter. Texas Permanent School Fund’s holdings in Carrier Global were worth $5,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AIA Group Ltd increased its holdings in Carrier Global by 172.1% in the 1st quarter. AIA Group Ltd now owns 34,774 shares of the company’s stock worth $1,595,000 after acquiring an additional 21,994 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in shares of Carrier Global during the first quarter worth $57,000. Independent Advisor Alliance grew its holdings in shares of Carrier Global by 9.9% in the first quarter. Independent Advisor Alliance now owns 11,027 shares of the company’s stock valued at $506,000 after purchasing an additional 995 shares during the period. Barden Capital Management Inc. grew its holdings in shares of Carrier Global by 2.5% in the first quarter. Barden Capital Management Inc. now owns 25,258 shares of the company’s stock valued at $1,159,000 after purchasing an additional 616 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in shares of Carrier Global by 37.9% in the first quarter. IFM Investors Pty Ltd now owns 149,317 shares of the company’s stock valued at $6,849,000 after purchasing an additional 41,022 shares during the period. Hedge funds and other institutional investors own 85.55% of the company’s stock.

Carrier Global Stock Up 0.2 %

Shares of Carrier Global stock opened at $41.88 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.67 and a debt-to-equity ratio of 1.19. Carrier Global Co. has a 52-week low of $34.12 and a 52-week high of $58.89. The company has a market capitalization of $35.25 billion, a P/E ratio of 13.34, a P/E/G ratio of 2.00 and a beta of 1.34. The company has a 50 day moving average of $37.50 and a 200 day moving average of $41.47.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Thursday, June 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, June 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.43%. Carrier Global’s payout ratio is currently 19.11%.

Analyst Upgrades and Downgrades

CARR has been the topic of a number of recent analyst reports. TheStreet cut shares of Carrier Global from a “b-” rating to a “c” rating in a research report on Friday, April 29th. KeyCorp decreased their target price on shares of Carrier Global from $48.00 to $44.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. The Goldman Sachs Group decreased their target price on shares of Carrier Global from $53.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Morgan Stanley upped their target price on shares of Carrier Global from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, July 29th. Finally, Jefferies Financial Group decreased their target price on shares of Carrier Global from $55.00 to $47.00 in a research report on Friday, July 15th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Hold” and an average price target of $48.73.

Carrier Global Company Profile

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Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

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Institutional Ownership by Quarter for Carrier Global (NYSE:CARR)

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