New York State Common Retirement Fund Sells 196,299 Shares of Carrier Global Co. (NYSE:CARR)

Posted by Defense World Staff on Apr 14th, 2023

New York State Common Retirement Fund reduced its position in Carrier Global Co. (NYSE:CARR – Get Rating) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,068,239 shares of the company’s stock after selling 196,299 shares during the quarter. New York State Common Retirement Fund owned 0.13% of Carrier Global worth $44,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in Carrier Global by 126.0% in the first quarter. Renaissance Technologies LLC now owns 5,306,931 shares of the company’s stock worth $243,429,000 after purchasing an additional 2,958,400 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Carrier Global by 129.8% in the third quarter. Fisher Asset Management LLC now owns 4,882,359 shares of the company’s stock worth $173,617,000 after purchasing an additional 2,757,618 shares in the last quarter. Invesco Ltd. raised its holdings in Carrier Global by 59.5% in the first quarter. Invesco Ltd. now owns 4,948,588 shares of the company’s stock worth $226,992,000 after purchasing an additional 1,845,419 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in Carrier Global in the third quarter worth about $42,985,000. Finally, Scout Investments Inc. raised its holdings in Carrier Global by 185.0% in the third quarter. Scout Investments Inc. now owns 1,143,791 shares of the company’s stock worth $40,673,000 after purchasing an additional 742,446 shares in the last quarter. 85.21% of the stock is currently owned by institutional investors.

Insider Transactions at Carrier Global

In other news, VP Kyle Crockett sold 10,433 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $45.85, for a total transaction of $478,353.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Nadia Villeneuve sold 20,538 shares of the firm’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $45.45, for a total transaction of $933,452.10. Following the sale, the vice president now owns 48,900 shares of the company’s stock, valued at approximately $2,222,505. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kyle Crockett sold 10,433 shares of the firm’s stock in a transaction that occurred on Thursday, February 9th. The stock was sold at an average price of $45.85, for a total transaction of $478,353.05. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

Wall Street Analysts Forecast Growth

CARR has been the subject of a number of recent research reports. Barclays reduced their target price on shares of Carrier Global from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, March 22nd. Wells Fargo & Company boosted their price target on Carrier Global from $43.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 19th. Stephens restated an “overweight” rating and set a $55.00 price target on shares of Carrier Global in a research note on Wednesday, February 8th. Mizuho restated a “buy” rating and set a $53.00 price target on shares of Carrier Global in a research note on Wednesday, February 8th. Finally, Oppenheimer began coverage on Carrier Global in a research note on Monday, March 27th. They set an “outperform” rating and a $51.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.27.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $44.10 on Friday. Carrier Global Co. has a twelve month low of $33.10 and a twelve month high of $49.17. The company’s 50 day moving average is $44.91 and its 200 day moving average is $42.47. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 1.08. The company has a market cap of $36.82 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.32.

Carrier Global (NYSE:CARR – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. Carrier Global had a net margin of 17.31% and a return on equity of 26.86%. The company had revenue of $5.11 billion for the quarter, compared to the consensus estimate of $5.07 billion. During the same quarter in the prior year, the company earned $0.44 EPS. Carrier Global’s quarterly revenue was down .5% on a year-over-year basis. On average, sell-side analysts forecast that Carrier Global Co. will post 2.55 EPS for the current year.

Carrier Global Profile

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Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.