Public Employees Retirement System of Ohio Sells 4,588 Shares of Carrier Global Co. (NYSE:CARR)

Public Employees Retirement System of Ohio cut its holdings in Carrier Global Co. (NYSE:CARR) by 1.2% during the third quarter, Holdings Channel reports. The institutional investor owned 380,855 shares of the company’s stock after selling 4,588 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Carrier Global were worth $30,655,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Frank Rimerman Advisors LLC lifted its holdings in shares of Carrier Global by 54,708.0% during the second quarter. Frank Rimerman Advisors LLC now owns 13,702 shares of the company’s stock valued at $864,000 after purchasing an additional 13,677 shares during the last quarter. Kintegral Advisory LLC boosted its holdings in Carrier Global by 44.2% in the second quarter. Kintegral Advisory LLC now owns 28,395 shares of the company’s stock worth $1,797,000 after acquiring an additional 8,705 shares in the last quarter. Foster Victor Wealth Advisors LLC purchased a new stake in shares of Carrier Global in the second quarter worth $7,720,000. Vista Investment Partners LLC bought a new position in shares of Carrier Global during the second quarter valued at $744,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Carrier Global by 12.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after purchasing an additional 11,032 shares during the last quarter. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

CARR has been the subject of a number of analyst reports. UBS Group upgraded shares of Carrier Global from a “neutral” rating to a “buy” rating and set a $94.00 price objective for the company in a research note on Wednesday, November 13th. Northcoast Research began coverage on Carrier Global in a research report on Friday, November 22nd. They issued a “neutral” rating on the stock. Barclays upped their price target on Carrier Global from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, December 5th. Robert W. Baird reduced their price objective on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Stephens lowered their target price on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $82.54.

Carrier Global Trading Down 0.7 %

Shares of Carrier Global stock opened at $73.19 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. The stock has a market capitalization of $65.67 billion, a PE ratio of 18.53, a P/E/G ratio of 2.73 and a beta of 1.33. Carrier Global Co. has a 1-year low of $53.13 and a 1-year high of $83.32. The company’s fifty day simple moving average is $77.22 and its 200-day simple moving average is $71.08.

Carrier Global announced that its board has initiated a stock buyback program on Thursday, October 24th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Carrier Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.90 annualized dividend and a dividend yield of 1.23%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s dividend payout ratio (DPR) is 19.24%.

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.