Strs Ohio Sells 10,370 Shares of Carrier Global Corporation $CARR

Strs Ohio cut its position in Carrier Global Corporation (NYSE:CARR) by 4.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 250,745 shares of the company’s stock after selling 10,370 shares during the period. Strs Ohio’s holdings in Carrier Global were worth $14,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CARR. Capital International Investors grew its holdings in shares of Carrier Global by 6.7% during the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares during the last quarter. State Street Corp raised its holdings in Carrier Global by 1.1% in the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after acquiring an additional 351,490 shares during the last quarter. Dodge & Cox raised its holdings in Carrier Global by 5.1% in the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after acquiring an additional 651,648 shares during the last quarter. Morgan Stanley lifted its position in Carrier Global by 1.8% in the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock valued at $621,264,000 after acquiring an additional 210,952 shares in the last quarter. Finally, Norges Bank bought a new position in Carrier Global in the 4th quarter valued at approximately $380,299,000. Institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

CARR has been the subject of a number of research analyst reports. Morgan Stanley lifted their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Citigroup upped their price target on Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 1st. Mizuho increased their price objective on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. BNP Paribas Exane started coverage on Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Finally, Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $73.25.

Carrier Global Trading Down 0.1%

Shares of CARR stock opened at $69.97 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $81.09. The stock has a market capitalization of $58.12 billion, a P/E ratio of 46.03, a P/E/G ratio of 2.81 and a beta of 1.31. The firm’s 50 day moving average is $67.36 and its 200 day moving average is $61.55.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Research analysts expect that Carrier Global Corporation will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio is 63.16%.

Carrier Global Company Profile

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.