Strs Ohio Takes $23.41 Million Position in Carrier Global Corporation $CARR

Key Points

• Strs Ohio acquired a new position in Carrier Global Corporation worth approximately $23.41 million, amounting to 369,248 shares in the first quarter.
• Institutional ownership of Carrier Global stands at 91%, with several investors recently adding or reducing their stakes.
• Analysts have set a consensus price target of $82.12 for Carrier Global, with ratings ranging from "Buy" to "Hold" among investment analysts.

Strs Ohio acquired a new stake in Carrier Global Corporation (NYSE:CARR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 369,248 shares of the company's stock, valued at approximately $23,410,000.

Other institutional investors also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new position in Carrier Global in the fourth quarter worth approximately $28,000. Accredited Wealth Management LLC acquired a new position in shares of Carrier Global in the 1st quarter valued at $28,000. Investment Research & Advisory Group Inc. acquired a new position in shares of Carrier Global in the 1st quarter valued at $29,000. Mattson Financial Services LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $31,000. Finally, Mascagni Wealth Management Inc. acquired a new position in Carrier Global in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CARR shares. The Goldman Sachs Group decreased their target price on shares of Carrier Global from $88.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley decreased their price objective on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $79.00 target price on shares of Carrier Global in a research note on Tuesday, July 15th. Robert W. Baird cut their target price on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a research note on Wednesday, July 30th. Finally, Royal Bank Of Canada dropped their price objective on shares of Carrier Global from $87.00 to $75.00 and set an "outperform" rating for the company in a research note on Friday. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $82.12.

Carrier Global Stock Performance

Shares of CARR opened at $61.68 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80. The stock has a market capitalization of $52.49 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.76 and a beta of 1.25. Carrier Global Corporation has a 12-month low of $54.22 and a 12-month high of $83.32. The business's fifty day moving average price is $69.37 and its 200 day moving average price is $68.07.

Carrier Global (NYSE:CARR - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to analysts' expectations 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. Equities research analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current year.

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.

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