New York State Teachers Retirement System Sells 21,635 Shares of Carrier Global Co. (NYSE:CARR)

New York State Teachers Retirement System decreased its holdings in Carrier Global Co. (NYSE:CARR - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 648,537 shares of the company's stock after selling 21,635 shares during the quarter. New York State Teachers Retirement System owned about 0.07% of Carrier Global worth $44,269,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. FSM Wealth Advisors LLC raised its stake in Carrier Global by 2.2% during the third quarter. FSM Wealth Advisors LLC now owns 6,373 shares of the company's stock worth $513,000 after purchasing an additional 136 shares during the period. Meridian Wealth Management LLC lifted its position in shares of Carrier Global by 2.3% in the 3rd quarter. Meridian Wealth Management LLC now owns 6,030 shares of the company's stock worth $485,000 after buying an additional 137 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Carrier Global by 1.1% in the 4th quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock worth $907,000 after purchasing an additional 143 shares during the last quarter. Essex Savings Bank lifted its position in Carrier Global by 2.2% in the 3rd quarter. Essex Savings Bank now owns 6,608 shares of the company's stock valued at $532,000 after purchasing an additional 144 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Carrier Global by 2.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after purchasing an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CARR. Wells Fargo & Company dropped their price target on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 12th. UBS Group raised shares of Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 target price for the company in a research report on Wednesday, November 13th. Barclays decreased their price target on shares of Carrier Global from $90.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. Mizuho upgraded shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Finally, Robert W. Baird cut their target price on Carrier Global from $88.00 to $86.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $82.64.

Carrier Global Stock Down 0.9 %

Carrier Global stock traded down $0.57 during mid-day trading on Wednesday, reaching $66.02. The company's stock had a trading volume of 5,168,329 shares, compared to its average volume of 5,938,870. The business's 50 day simple moving average is $67.89 and its 200 day simple moving average is $72.34. Carrier Global Co. has a 12 month low of $53.13 and a 12 month high of $83.32. The company has a market capitalization of $57.33 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.90 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter in the prior year, the firm earned $0.53 earnings per share. As a group, research analysts anticipate that Carrier Global Co. will post 2.98 earnings per share for the current year.

Carrier Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were given a dividend of $0.225 per share. This is a boost from Carrier Global's previous quarterly dividend of $0.19. The ex-dividend date was Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.36%. Carrier Global's dividend payout ratio is currently 14.33%.

Carrier Global declared that its board has approved a share repurchase program on Thursday, October 24th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

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.