Carrier Global Co. (NYSE:CARR) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Carrier Global Co. (NYSE:CARR) by 782.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,923 shares of the company’s stock after acquiring an additional 42,494 shares during the quarter. Teacher Retirement System of Texas’ holdings in Carrier Global were worth $3,271,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CARR. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Carrier Global in the third quarter valued at $590,000. Advisors Asset Management Inc. lifted its holdings in Carrier Global by 231.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 15,960 shares of the company’s stock valued at $1,285,000 after acquiring an additional 11,144 shares during the last quarter. Nwam LLC bought a new position in shares of Carrier Global during the 3rd quarter valued at about $274,000. Great Valley Advisor Group Inc. grew its stake in shares of Carrier Global by 1.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 9,437 shares of the company’s stock worth $759,000 after purchasing an additional 150 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Carrier Global by 39.0% in the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock worth $11,013,000 after purchasing an additional 38,365 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of NYSE CARR opened at $68.07 on Wednesday. Carrier Global Co. has a one year low of $53.33 and a one year high of $83.32. The business’s 50-day moving average price is $66.33 and its two-hundred day moving average price is $71.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The company has a market capitalization of $58.81 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the prior year, the company earned $0.53 EPS. Analysts anticipate that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CARR shares. The Goldman Sachs Group began coverage on shares of Carrier Global in a report on Thursday, December 12th. They set a “buy” rating and a $96.00 target price for the company. Barclays decreased their target price on Carrier Global from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a report on Monday, February 24th. Royal Bank of Canada decreased their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company reduced their price objective on shares of Carrier Global from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.53.

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.