Texas Permanent School Fund Corp Sells 536 Shares of Carrier Global Co. (NYSE:CARR)

Texas Permanent School Fund Corp decreased its holdings in Carrier Global Co. (NYSE:CARR) by 0.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,701 shares of the company’s stock after selling 536 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Carrier Global were worth $10,039,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Howland Capital Management LLC purchased a new position in shares of Carrier Global during the 1st quarter valued at about $325,000. Geneos Wealth Management Inc. boosted its holdings in Carrier Global by 10.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,694 shares of the company’s stock worth $157,000 after buying an additional 244 shares during the last quarter. WBI Investments LLC acquired a new stake in Carrier Global in the 1st quarter worth about $1,768,000. Team Hewins LLC boosted its holdings in Carrier Global by 26.7% in the 1st quarter. Team Hewins LLC now owns 6,349 shares of the company’s stock worth $369,000 after buying an additional 1,336 shares during the last quarter. Finally, Affinity Investment Advisors LLC acquired a new position in shares of Carrier Global during the 1st quarter worth approximately $200,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CARR shares. Robert W. Baird boosted their target price on Carrier Global from $60.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Oppenheimer boosted their target price on Carrier Global from $64.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. Citigroup raised Carrier Global from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $65.00 to $74.00 in a research report on Monday, June 24th. Wells Fargo & Company boosted their target price on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Finally, Barclays boosted their target price on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a research note on Friday, June 14th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $64.14.

Insider Buying and Selling at Carrier Global

In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Jurgen Timperman sold 159,915 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Kyle Crockett sold 4,611 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the sale, the chief accounting officer now owns 2,042 shares in the company, valued at $135,568.38. The disclosure for this sale can be found here. Over the last three months, insiders sold 262,954 shares of company stock valued at $16,650,050. Corporate insiders own 6.95% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR traded up $0.08 during trading hours on Friday, hitting $66.49. 306,251 shares of the stock were exchanged, compared to its average volume of 4,448,584. The company has a market cap of $59.91 billion, a price-to-earnings ratio of 46.44, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $66.99. The stock has a 50-day moving average of $63.98 and a 200 day moving average of $59.10. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The company had revenue of $6.18 billion during the quarter, compared to analysts’ expectations of $6.27 billion. As a group, equities research analysts forecast that Carrier Global Co. will post 2.85 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 8th. Shareholders of record on Friday, June 21st will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a yield of 1.14%. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

About Carrier Global

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.