California Public Employees Retirement System Boosts Stake in Carrier Global Corporation $CARR

California Public Employees Retirement System lifted its position in Carrier Global Corporation (NYSE:CARR) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,430,425 shares of the company’s stock after purchasing an additional 21,367 shares during the quarter. California Public Employees Retirement System’s holdings in Carrier Global were worth $80,547,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Torren Management LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $25,000. YANKCOM Partnership boosted its stake in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. True Wealth Design LLC grew its position in Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in Carrier Global in the fourth quarter valued at $27,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on CARR. Argus lifted their target price on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. The Goldman Sachs Group lifted their target price on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Morgan Stanley increased their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Finally, BNP Paribas Exane began coverage on shares of Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 price target for the company. Twelve 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $73.51.

Carrier Global Trading Up 0.0%

Shares of CARR opened at $68.71 on Monday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $57.07 billion, a P/E ratio of 45.20, a PEG ratio of 2.75 and a beta of 1.31. The firm’s 50-day moving average is $68.27 and its two-hundred day moving average is $62.70.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts predict that Carrier Global Corporation will post 2.79 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 Monday, August 10th. Shareholders 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 payout ratio is presently 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.