Texas Permanent School Fund Corp Has $10.04 Million Stake in Carrier Global Co. (NYSE:CARR)

Texas Permanent School Fund Corp decreased its stake in shares of Carrier Global Co. (NYSE:CARR) by 0.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 172,701 shares of the company’s stock after selling 536 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Carrier Global were worth $10,039,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Howland Capital Management LLC bought a new position in shares of Carrier Global in the 1st quarter worth $325,000. Geneos Wealth Management Inc. lifted its holdings in shares of Carrier Global by 10.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,694 shares of the company’s stock worth $157,000 after purchasing an additional 244 shares in the last quarter. WBI Investments LLC bought a new position in shares of Carrier Global in the 1st quarter worth $1,768,000. Team Hewins LLC lifted its stake in Carrier Global by 26.7% during the 1st quarter. Team Hewins LLC now owns 6,349 shares of the company’s stock valued at $369,000 after acquiring an additional 1,336 shares in the last quarter. Finally, Affinity Investment Advisors LLC bought a new position in Carrier Global during the 1st quarter valued at $200,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the topic of several recent analyst reports. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and raised their price objective for the company from $65.00 to $74.00 in a research note on Monday, June 24th. Oppenheimer raised their price objective on Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research note on Thursday, June 27th. Robert W. Baird increased their price target on shares of Carrier Global from $60.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. TD Cowen lifted their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Barclays boosted their target price on shares of Carrier Global from $79.00 to $81.00 and gave the company an “overweight” rating in a research note on Friday, June 14th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Hold” and an average target price of $64.14.

Carrier Global Stock Performance

Shares of NYSE CARR traded up $0.08 during midday trading on Friday, hitting $66.49. The company’s stock had a trading volume of 306,251 shares, compared to its average volume of 4,448,584. The stock has a fifty day moving average price of $63.98 and a 200 day moving average price of $59.10. Carrier Global Co. has a one year low of $45.68 and a one year high of $66.99. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $59.91 billion, a price-to-earnings ratio of 46.44, a P/E/G ratio of 2.48 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. On average, research analysts forecast that Carrier Global Co. will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, June 21st. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

Insider Buying and Selling

In related news, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the sale, the chief accounting officer now owns 2,042 shares of the company’s stock, valued at approximately $135,568.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Nadia Villeneuve sold 98,428 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $65.40, for a total value of $6,437,191.20. Following the transaction, the vice president now owns 85,028 shares of the company’s stock, valued at approximately $5,560,831.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the transaction, the chief accounting officer now directly owns 2,042 shares in the company, valued at approximately $135,568.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 262,954 shares of company stock valued at $16,650,050. Company insiders own 6.95% of the company’s stock.

Carrier Global Company 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.