Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $14.31 Million Holdings in Carrier Global Corporation $CARR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 195,542 shares of the company’s stock after acquiring an additional 10,864 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carrier Global were worth $14,312,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Costello Asset Management INC boosted its stake in shares of Carrier Global by 4.2% in the second quarter. Costello Asset Management INC now owns 3,153 shares of the company’s stock valued at $231,000 after buying an additional 127 shares during the period. Rehmann Capital Advisory Group lifted its position in shares of Carrier Global by 1.3% during the 2nd quarter. Rehmann Capital Advisory Group now owns 12,083 shares of the company’s stock valued at $884,000 after acquiring an additional 150 shares during the period. Penobscot Investment Management Company Inc. lifted its position in shares of Carrier Global by 0.7% during the 2nd quarter. Penobscot Investment Management Company Inc. now owns 20,833 shares of the company’s stock valued at $1,525,000 after acquiring an additional 155 shares during the period. Lindbrook Capital LLC grew its holdings in shares of Carrier Global by 1.3% during the 1st quarter. Lindbrook Capital LLC now owns 12,294 shares of the company’s stock worth $779,000 after purchasing an additional 156 shares in the last quarter. Finally, Abacus Wealth Partners LLC increased its position in shares of Carrier Global by 4.3% in the second quarter. Abacus Wealth Partners LLC now owns 3,982 shares of the company’s stock worth $291,000 after purchasing an additional 165 shares during the period. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CARR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Carrier Global in a research report on Wednesday, October 8th. Citigroup cut their price target on shares of Carrier Global from $75.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, October 29th. Royal Bank Of Canada reduced their price target on shares of Carrier Global from $87.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. JPMorgan Chase & Co. lowered their price objective on shares of Carrier Global from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Finally, Robert W. Baird set a $72.00 target price on Carrier Global in a report on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $72.94.

Carrier Global Stock Down 2.2%

Shares of NYSE:CARR opened at $53.97 on Monday. The company has a market capitalization of $45.46 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 2.26 and a beta of 1.30. Carrier Global Corporation has a 52-week low of $53.96 and a 52-week high of $81.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.14. The company has a fifty day moving average of $58.84 and a 200-day moving average of $66.79.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, October 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.10. Carrier Global had a return on equity of 16.65% and a net margin of 18.05%.The business had revenue of $5.58 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. Carrier Global has set its FY 2025 guidance at 2.650-2.650 EPS. On average, equities analysts predict that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Wednesday, October 29th will be given a dividend of $0.225 per share. The ex-dividend date is Wednesday, October 29th. This represents a $0.90 annualized dividend and a yield of 1.7%. Carrier Global’s dividend payout ratio (DPR) is currently 20.13%.

Carrier Global declared that its board has initiated a stock buyback plan on Tuesday, October 28th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Carrier Global 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.