California Public Employees Retirement System Has $89.27 Million Stock Position in Carrier Global Co. (NYSE:CARR)

California Public Employees Retirement System cut its holdings in Carrier Global Co. (NYSE:CARR) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,307,728 shares of the company’s stock after selling 102,403 shares during the quarter. California Public Employees Retirement System’s holdings in Carrier Global were worth $89,266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BOK Financial Private Wealth Inc. boosted its stake 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 purchasing an additional 160 shares in the last quarter. FSA Wealth Management LLC bought a new position in Carrier Global in the 3rd quarter valued at approximately $28,000. Bradley & Co. Private Wealth Management LLC acquired a new stake in Carrier Global in the fourth quarter valued at approximately $31,000. Roxbury Financial LLC bought a new stake in shares of Carrier Global during the fourth quarter worth $49,000. Finally, Centricity Wealth Management LLC acquired a new position in shares of Carrier Global during the fourth quarter worth $49,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Up 0.2 %

Shares of NYSE:CARR opened at $63.47 on Tuesday. Carrier Global Co. has a 1 year low of $53.33 and a 1 year high of $83.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96. The business’s 50-day moving average is $65.95 and its 200-day moving average is $71.71. The company has a market capitalization of $54.83 billion, a price-to-earnings ratio of 10.11, a P/E/G ratio of 2.01 and a beta of 1.35.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $0.53 EPS. Equities research analysts predict that Carrier Global Co. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CARR has been the topic of several recent research reports. Wells Fargo & Company cut their price objective on Carrier Global from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 12th. Royal Bank of Canada cut their price target 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. The Goldman Sachs Group began coverage on Carrier Global in a research note on Thursday, December 12th. They issued a “buy” rating and a $96.00 price objective for the company. Wolfe Research upgraded 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 report on Monday, February 24th. Finally, Mizuho upgraded shares of Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $82.27.

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.