Carrier Global Corporation $CARR Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 1.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,430,425 shares of the company’s stock after acquiring an additional 21,367 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Carrier Global worth $80,547,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CARR. Aigen Investment Management LP boosted its stake in Carrier Global by 0.3% during the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after buying an additional 166 shares during the last quarter. Advisory Alpha LLC raised its stake in Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after purchasing an additional 171 shares during the period. Texas Bank & Trust Co grew its stake in shares of Carrier Global by 1.3% in the 1st quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock valued at $742,000 after buying an additional 175 shares during the period. Advisor OS LLC grew its position in Carrier Global by 0.8% in the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after acquiring an additional 178 shares during the period. Finally, Personal CFO Solutions LLC grew its position in Carrier Global by 0.7% in the first quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock worth $1,389,000 after acquiring an additional 181 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CARR. Weiss Ratings upgraded shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Argus lifted their target price 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. Rothschild & Co Redburn boosted their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Twelve research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and a consensus target price of $73.51.

Carrier Global Stock Performance

Shares of CARR opened at $68.71 on Monday. The stock has a 50-day simple moving average of $68.27 and a 200-day simple moving average of $62.70. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The stock has a market capitalization of $57.07 billion, a PE ratio of 45.20, a PEG ratio of 2.75 and a beta of 1.31. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts predict that Carrier Global Corporation will post 2.79 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s payout ratio is 63.16%.

Carrier Global Company Profile

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.