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

Strs Ohio decreased its holdings in Carrier Global Corporation (NYSE:CARR) by 4.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 250,745 shares of the company’s stock after selling 10,370 shares during the quarter. Strs Ohio’s holdings in Carrier Global were worth $14,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in CARR. Massachusetts Financial Services Co. MA grew its holdings in Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after purchasing an additional 72,906 shares during the period. Y.D. More Investments Ltd bought a new position in shares of Carrier Global in the fourth quarter worth about $1,556,000. Cardinal Capital Management Inc. raised its stake in shares of Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after buying an additional 41,647 shares during the period. Canoe Financial LP lifted its position in shares of Carrier Global by 607.5% during the 4th quarter. Canoe Financial LP now owns 1,195,050 shares of the company’s stock valued at $63,146,000 after buying an additional 1,026,147 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Carrier Global by 13.5% during the 3rd quarter. Mackenzie Financial Corp now owns 544,054 shares of the company’s stock valued at $32,480,000 after buying an additional 64,848 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Performance

NYSE CARR opened at $69.97 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. Carrier Global Corporation has a twelve month low of $50.24 and a twelve month high of $81.09. The business has a 50-day moving average price of $67.36 and a 200-day moving average price of $61.55. The firm has a market cap of $58.12 billion, a price-to-earnings ratio of 46.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.31.

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

Carrier Global Announces Dividend

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

Analyst Ratings Changes

CARR has been the subject of several analyst reports. Sanford C. Bernstein started coverage on shares of Carrier Global in a report on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 target price for the company. Argus lifted their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Robert W. Baird upped their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Barclays increased their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.25.

About Carrier Global

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.