California State Teachers Retirement System 13F: Cuts CARR Stake by $2.9M
The California State Teachers Retirement System trimmed its position in Carrier Global Corporation by over 39,000 shares.
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California State Teachers Retirement System sold 39,128 shares from its stake in Carrier Global Corporation ($CARR), a 3.23% decrease, according to a 13F filing with the SEC dated May 18, 2026. It reported 1,171,356 shares worth $85.92 million at the end of the quarter.
Since the filing, $CARR is up 0.6% after 1 week, up 7.7% after 1 month and down 14.4% to date (from the $64.28 close on May 18, 2026).
Find the original: California State Teachers Retirement System 13F filings on SEC EDGAR
CARR
Carrier Global Corporation
Key Points
- The California State Teachers Retirement System reduced its stake in Carrier Global Corporation by 39,128 shares, bringing its total holdings to 1,171,356 shares valued at approximately $85.9 million.
- Carrier Global stock closed at $73.35 on the day of the filing, up from a previous close of $54.24, showing strong performance in the market.
- Analysts have mixed views on Carrier Global, with Mizuho maintaining an Outperform rating and a price target of $70, while Goldman Sachs downgraded its rating to Neutral with a target of $61.
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CalSTRS Cuts Stake in Carrier Global
The California State Teachers Retirement System trimmed its stake in Carrier Global Corporation (NYSE: CARR) by 39,128 shares, reducing its total holdings to 1,171,356 shares. This move, valued at approximately $85.9 million, was reported in the latest Form 13F filing with the SEC for the period ending May 18, 2026.
The fund's reduction represents a 3.2% decrease in its position. This is part of a broader strategy as the pension fund navigates its investment portfolio. The shares after this adjustment are worth about $85.9 million, based on the stock's closing price of $73.35 on the day of the filing.
Institutional Moves in Carrier Global
No other funds reported changes to their positions in Carrier Global in the latest filings. This indicates that the California State Teachers Retirement System's action stands out as the only recent institutional movement for the company.
How Carrier Global Corporation Stock Has Traded
Carrier Global shares are currently trading at $73.35, showing a solid increase from a previous close of $54.24. The stock is well-positioned above its 50-day moving average of $58.08 and near its 52-week high of $76.76, reflecting a strong market performance.
Analysts Set New Price Targets
On October 15, 2026, Mizuho maintained an Outperform rating for Carrier Global with a price target of $70, down from a previous target of $75. Meanwhile, on October 14, Goldman Sachs downgraded its rating to Neutral, setting a new target at $61, down from $74. RBC Capital also reiterated its Outperform rating but adjusted its target to $72 from $82. With 23 analysts covering the stock, the consensus recommendation remains a Buy with a target mean price of $73.44.
What Carrier Global Corporation Does
Carrier Global Corporation specializes in intelligent climate and energy solutions. The company offers a range of products, including air conditioning systems and energy management solutions, serving both residential and commercial markets. This recent trimming by CalSTRS may reflect a cautious approach as the company prepares for its upcoming earnings report.
What's Ahead for Carrier Global Corporation
Carrier Global is set to report its next earnings on October 29, 2026. Investors will be watching closely to see how the company performs and if the recent analyst rating changes will impact future stock movements. Remember, this 13F filing reflects the fund's holdings as of May 18, 2026, and may not represent its current position.
Related Filing Alerts
Source: California State Teachers Retirement System's 13F filing on $CARR (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: California State Teachers Retirement System 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts