New York State Teachers Retirement System Sells 38,554 Shares of Carrier Global Co. (NYSE:CARR)

New York State Teachers Retirement System lowered its position in Carrier Global Co. (NYSE:CARR) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 706,017 shares of the company’s stock after selling 38,554 shares during the period. New York State Teachers Retirement System’s holdings in Carrier Global were worth $44,536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Olistico Wealth LLC purchased a new position in Carrier Global during the 2nd quarter valued at $25,000. McClarren Financial Advisors Inc. grew its stake in Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in Carrier Global during the 4th quarter worth $25,000. EdgeRock Capital LLC bought a new stake in Carrier Global during the 4th quarter valued at $27,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of Carrier Global in the 1st quarter worth $34,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 2.4 %

CARR stock traded up $1.68 during mid-day trading on Friday, reaching $71.26. The company had a trading volume of 1,241,935 shares, compared to its average volume of 4,296,705. The firm has a fifty day simple moving average of $65.49 and a 200 day simple moving average of $61.26. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.80 and a current ratio of 1.08. Carrier Global Co. has a fifty-two week low of $45.68 and a fifty-two week high of $71.52. The company has a market capitalization of $64.21 billion, a price-to-earnings ratio of 48.66, a price-to-earnings-growth ratio of 2.63 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, July 25th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a return on equity of 23.68% and a net margin of 14.27%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.05 billion. During the same quarter in the prior year, the company posted $0.79 earnings per share. Carrier Global’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts forecast that Carrier Global Co. will post 2.84 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 8th. Shareholders of record on Friday, June 21st were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date was Friday, June 21st. Carrier Global’s dividend payout ratio is currently 53.15%.

Analysts Set New Price Targets

CARR has been the topic of several research analyst reports. Oppenheimer boosted their target price on shares of Carrier Global from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Robert W. Baird lowered their price target on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Citigroup upgraded Carrier Global from a “neutral” rating to a “buy” rating and raised their target price for the company from $65.00 to $74.00 in a research report on Monday, June 24th. TD Cowen increased their price target on 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 price target on Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research report on Friday, June 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $67.08.

Insider Activity at Carrier Global

In related news, VP Ajay Agrawal sold 62,382 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the transaction, the vice president now owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.95% of the stock is owned by insiders.

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.