Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Position in Carrier Global Corporation $CARR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in Carrier Global Corporation (NYSE:CARR) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 184,149 shares of the company’s stock after selling 7,951 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carrier Global were worth $9,730,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global in the third quarter worth about $25,000. YANKCOM Partnership raised its holdings in Carrier Global by 78.5% in the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares in the last quarter. Torren Management LLC bought a new position in Carrier Global in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates raised its holdings in Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of recent research reports. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Mizuho boosted their target price on shares of Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. BNP Paribas Exane began coverage on shares of Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 target price for the company. Wells Fargo & Company increased their price objective on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Finally, Morgan Stanley increased their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.04.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $65.08 on Tuesday. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The company’s 50 day moving average is $61.60 and its 200 day moving average is $58.70. 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 company has a market cap of $54.05 billion, a PE ratio of 42.81, a price-to-earnings-growth ratio of 2.56 and a beta of 1.34.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts forecast that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Carrier Global 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.