Commonwealth of Pennsylvania Public School Empls Retrmt SYS Cuts Stake in Carrier Global Co. (NYSE:CARR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in shares of Carrier Global Co. (NYSE:CARR) by 2.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 177,423 shares of the company’s stock after selling 5,341 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carrier Global were worth $12,111,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas grew its holdings in Carrier Global by 782.7% during the 4th quarter. Teacher Retirement System of Texas now owns 47,923 shares of the company’s stock valued at $3,271,000 after buying an additional 42,494 shares in the last quarter. Xponance Inc. lifted its stake in shares of Carrier Global by 5.1% during the 4th quarter. Xponance Inc. now owns 120,262 shares of the company’s stock worth $8,209,000 after acquiring an additional 5,871 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Carrier Global during the 4th quarter worth approximately $2,584,000. Custos Family Office LLC bought a new stake in shares of Carrier Global during the 4th quarter worth approximately $343,000. Finally, Mystic Asset Management Inc. bought a new stake in shares of Carrier Global during the 4th quarter worth approximately $456,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CARR shares. Mizuho raised Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Friday, February 14th. Royal Bank of Canada dropped their target price on Carrier Global from $86.00 to $76.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 12th. Citigroup dropped their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded Carrier Global from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $77.00 to $78.00 in a research note on Wednesday, March 5th. Finally, Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 target price on the stock in a research note on Monday, February 24th. Five 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 company’s stock. Based on data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.53.

Carrier Global Stock Performance

NYSE CARR opened at $66.15 on Friday. The stock has a market capitalization of $57.15 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 2.01 and a beta of 1.35. Carrier Global Co. has a twelve month low of $53.33 and a twelve month high of $83.32. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $66.32 and a 200 day moving average of $71.92.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the business posted $0.53 earnings per share. Sell-side analysts anticipate that Carrier Global Co. will post 2.99 EPS for the current fiscal 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.