Teacher Retirement System of Texas Buys 42,494 Shares of Carrier Global Co. (NYSE:CARR)

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

Other institutional investors and hedge funds have also modified their holdings of the company. BOK Financial Private Wealth Inc. raised its holdings in Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares during the period. FSA Wealth Management LLC acquired a new position in shares of Carrier Global during the 3rd quarter worth about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global during the 4th quarter valued at approximately $31,000. Roxbury Financial LLC acquired a new stake in Carrier Global in the 4th quarter valued at approximately $49,000. Finally, Centricity Wealth Management LLC bought a new position in Carrier Global in the 4th quarter worth approximately $49,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CARR has been the subject of several research reports. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. Royal Bank of Canada cut their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective on the stock. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company dropped their price objective on 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 equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.53.

Carrier Global Stock Up 0.2 %

NYSE CARR opened at $68.07 on Wednesday. The stock 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 Co. has a 52 week low of $53.33 and a 52 week high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The stock has a fifty day moving average of $66.33 and a 200-day moving average of $71.94.

Carrier Global (NYSE:CARR) last announced 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 last year, the business earned $0.53 earnings per share. On average, equities research analysts forecast that Carrier Global Co. will post 2.99 EPS for the current year.

Carrier Global Company 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.