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

Public Employees Retirement System of Ohio bought a new position in shares of Carrier Global Corporation (NYSE:CARR) in the second quarter, HoldingsChannel reports. The firm bought 291,008 shares of the company’s stock, valued at approximately $21,345,000.

Several other institutional investors and hedge funds also recently modified their holdings of CARR. MASTERINVEST Kapitalanlage GmbH acquired a new stake in shares of Carrier Global in the second quarter valued at approximately $1,486,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Carrier Global during the 2nd quarter worth approximately $1,010,000. Parvin Asset Management LLC purchased a new stake in Carrier Global in the 2nd quarter valued at approximately $165,000. Proficio Capital Partners LLC purchased a new stake in Carrier Global in the 2nd quarter valued at approximately $548,000. Finally, Pure Financial Advisors LLC acquired a new stake in Carrier Global during the 2nd quarter valued at $474,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CARR. Morgan Stanley raised their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Wolfe Research restated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th. 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. Based on data from MarketBeat.com, Carrier Global presently has an average rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Stock Performance

NYSE CARR opened at $58.73 on Friday. The business’s 50-day simple moving average is $66.15 and its 200-day simple moving average is $63.98. The firm 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. Carrier Global Corporation has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72.

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

Carrier Global Dividend Announcement

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

About Carrier Global

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.