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

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Carrier Global Co. (NYSE:CARR - Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. boosted its holdings in shares of Carrier Global by 80.0% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock valued at $25,000 after acquiring an additional 160 shares during the last quarter. FSA Wealth Management LLC acquired a new position in Carrier Global during the third quarter valued at $28,000. Bradley & Co. Private Wealth Management LLC purchased a new stake in Carrier Global in the fourth quarter valued at $31,000. Roxbury Financial LLC acquired a new stake in Carrier Global during the 4th quarter worth about $49,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 91.00% of the company's stock.

Carrier Global Price Performance

Shares of CARR traded up $0.11 during trading hours on Tuesday, hitting $68.07. 4,015,987 shares of the stock were exchanged, compared to its average volume of 4,261,535. The stock's 50-day moving average price is $66.33 and its two-hundred day moving average price is $71.94. Carrier Global Co. has a 12-month low of $53.33 and a 12-month high of $83.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The company has a market cap of $58.81 billion, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35.

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Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same quarter last year, the business earned $0.53 earnings per share. Research analysts expect that Carrier Global Co. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CARR. JPMorgan Chase & Co. raised Carrier Global from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $77.00 to $78.00 in a report on Wednesday, March 5th. Wells Fargo & Company cut their target price on shares of Carrier Global from $75.00 to $70.00 and set an "equal weight" rating for the company in a report on Wednesday, February 12th. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price target on the stock in a report on Friday, February 14th. Royal Bank of Canada cut their price objective on shares of Carrier Global from $86.00 to $76.00 and set an "outperform" rating for the company in a report on Wednesday, February 12th. Finally, Wolfe Research raised shares of 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 investment 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $82.53.

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.