Carrier Global Co. (NYSE:CARR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its stake in Carrier Global Co. (NYSE:CARR - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 364,326 shares of the company's stock after selling 16,529 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Carrier Global were worth $24,869,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Breed s Hill Capital LLC grew its stake in shares of Carrier Global by 14.7% in the fourth quarter. Breed s Hill Capital LLC now owns 3,438 shares of the company's stock valued at $235,000 after buying an additional 441 shares in the last quarter. Vise Technologies Inc. boosted its holdings in Carrier Global by 29.2% in the fourth quarter. Vise Technologies Inc. now owns 15,497 shares of the company's stock valued at $1,058,000 after purchasing an additional 3,502 shares during the last quarter. Harmony Asset Management LLC boosted its holdings in Carrier Global by 1.1% in the fourth quarter. Harmony Asset Management LLC now owns 57,657 shares of the company's stock valued at $3,936,000 after purchasing an additional 601 shares during the last quarter. Orion Capital Management LLC purchased a new position in Carrier Global in the fourth quarter valued at about $51,000. Finally, Continuum Advisory LLC boosted its holdings in Carrier Global by 13.1% in the fourth quarter. Continuum Advisory LLC now owns 2,135 shares of the company's stock valued at $146,000 after purchasing an additional 248 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Stock Performance

Shares of Carrier Global stock traded down $1.28 on Wednesday, reaching $71.05. 3,829,773 shares of the company were exchanged, compared to its average volume of 4,641,462. 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 company's 50-day moving average is $65.40 and its two-hundred day moving average is $67.87. The firm has a market cap of $60.91 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 2.01 and a beta of 1.33. Carrier Global Co. has a 1-year low of $54.22 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The firm had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.17 billion. During the same period last year, the firm earned $0.51 EPS. The firm's revenue was down 3.7% compared to the same quarter last year. As a group, research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Friday, May 2nd were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.27%. The ex-dividend date was Friday, May 2nd. Carrier Global's dividend payout ratio is currently 13.93%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CARR. Robert W. Baird increased their price target on Carrier Global from $80.00 to $88.00 and gave the company an "outperform" rating in a report on Tuesday, May 20th. Wells Fargo & Company increased their price target on Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Royal Bank of Canada increased their target price on Carrier Global from $86.00 to $87.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Citigroup reduced their target price on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price on the stock in a report on Monday, February 24th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $83.00.

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.