Public Employees Retirement System of Ohio Has $24.44 Million Stock Holdings in Carrier Global Corporation $CARR

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Carrier Global Corporation by 5.7%, holding a total of 333,899 shares worth approximately $24.44 million.
• Multiple institutional investors, including Alhambra Investment Management LLC and Opal Wealth Advisors LLC, have recently increased their positions in Carrier Global, contributing to institutional ownership of 91% of the company's stock.
• Carrier Global has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target of $79.72, despite multiple price target reductions from major brokerages.

Public Employees Retirement System of Ohio trimmed its position in Carrier Global Corporation (NYSE:CARR - Free Report) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 333,899 shares of the company's stock after selling 20,072 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Carrier Global were worth $24,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alhambra Investment Management LLC acquired a new position in Carrier Global during the second quarter worth approximately $212,000. Accurate Wealth Management LLC bought a new position in shares of Carrier Global during the 2nd quarter worth approximately $243,000. Maseco LLP acquired a new position in shares of Carrier Global during the 2nd quarter worth approximately $62,000. Hall Laurie J Trustee raised its stake in Carrier Global by 0.5% in the 2nd quarter. Hall Laurie J Trustee now owns 95,955 shares of the company's stock valued at $7,023,000 after acquiring an additional 475 shares during the period. Finally, Opal Wealth Advisors LLC lifted its holdings in Carrier Global by 37.4% during the 2nd quarter. Opal Wealth Advisors LLC now owns 2,761 shares of the company's stock valued at $202,000 after purchasing an additional 752 shares during the last quarter. Institutional investors own 91.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CARR. Jefferies Financial Group reissued a "buy" rating on shares of Carrier Global in a research report on Thursday, September 11th. Royal Bank Of Canada lowered their price target on shares of Carrier Global from $87.00 to $75.00 and set an "outperform" rating on the stock in a report on Friday, September 12th. Melius assumed coverage on Carrier Global in a report on Tuesday, July 1st. They set a "hold" rating and a $90.00 price objective for the company. Oppenheimer decreased their target price on Carrier Global from $85.00 to $75.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 17th. Finally, Citigroup dropped their price target on Carrier Global from $89.00 to $75.00 and set a "buy" rating for the company in a report on Friday, September 12th. Eleven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $79.72.

Carrier Global Stock Down 0.6%

NYSE CARR opened at $58.67 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76. The company has a market cap of $49.93 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 1.82 and a beta of 1.25. The company has a 50 day moving average of $66.54 and a 200-day moving average of $67.77. Carrier Global Corporation 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 quarterly earnings data on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.02. The firm had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global had a return on equity of 17.83% and a net margin of 18.33%. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. On average, equities research analysts expect that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Carrier Global 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.