Public Employees Retirement System of Ohio Acquires Shares of 291,008 Carrier Global Corporation $CARR

Key Points

• Public Employees Retirement System of Ohio acquired 291,008 shares of Carrier Global in the second quarter, valued at approximately $21.3 million. Institutional investors collectively own about 91% of the company’s outstanding shares.
• Carrier Global exceeded quarterly expectations, reporting $0.86 in EPS on $6.35 billion in revenue, with revenue up 3.9% year over year. The company maintained fiscal-year 2026 EPS guidance of $2.90.
• Analysts hold a consensus “Moderate Buy” rating with an average price target of $73.67, compared with shares opening at $58.73; Carrier also pays a quarterly dividend of $0.24, yielding approximately 1.6% annually.

Public Employees Retirement System of Ohio bought a new position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 291,008 shares of the company's stock, valued at approximately $21,345,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CARR. Bank of New York Mellon Corp acquired a new position in shares of Carrier Global during the second quarter valued at approximately $590,759,000. Bank of America Corp DE purchased a new position in Carrier Global in the 2nd quarter valued at $572,908,000. Norges Bank acquired a new stake in Carrier Global during the 4th quarter worth $380,299,000. Legal & General Group Plc acquired a new position in Carrier Global during the second quarter worth about $322,366,000. Finally, Primecap Management Co. CA purchased a new stake in Carrier Global during the 2nd quarter valued at about $283,585,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Performance

Shares of CARR opened at $58.73 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02. The stock has a market capitalization of $48.41 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.17 and a beta of 1.31. The company's fifty day moving average is $66.15 and its two-hundred day moving average is $63.98. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business's revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, sell-side analysts predict that Carrier Global Corporation will post 2.87 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a yield of 1.6%. Carrier Global's dividend payout ratio (DPR) is 66.67%.

Analysts Set New Price Targets

CARR has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Carrier Global from $63.00 to $67.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Rothschild & Co Redburn lifted their price objective on Carrier Global from $61.00 to $73.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 5th. Zacks Research raised Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Citigroup upped their target price on Carrier Global from $79.00 to $80.00 and gave the company a "buy" rating in a report on Monday, July 13th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Carrier Global has a consensus rating of "Moderate Buy" and an average target price of $73.67.

Carrier Global Company Profile

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.

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