Public Employees Retirement Association of Colorado Sells 2,006 Shares of Carrier Global Co. (NYSE:CARR)

Public Employees Retirement Association of Colorado decreased its holdings in shares of Carrier Global Co. (NYSE:CARR) by 1.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,045 shares of the company’s stock after selling 2,006 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Carrier Global were worth $7,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Savant Capital LLC raised its holdings in Carrier Global by 0.5% during the 2nd quarter. Savant Capital LLC now owns 32,408 shares of the company’s stock valued at $2,044,000 after acquiring an additional 162 shares during the period. Founders Capital Management LLC raised its holdings in Carrier Global by 3.4% during the 2nd quarter. Founders Capital Management LLC now owns 5,250 shares of the company’s stock valued at $331,000 after acquiring an additional 175 shares during the period. Manchester Capital Management LLC raised its holdings in Carrier Global by 4.3% during the 1st quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after acquiring an additional 180 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Carrier Global by 2.3% in the first quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock worth $467,000 after purchasing an additional 182 shares during the period. Finally, Checchi Capital Advisers LLC increased its holdings in shares of Carrier Global by 2.3% in the first quarter. Checchi Capital Advisers LLC now owns 8,900 shares of the company’s stock worth $517,000 after purchasing an additional 197 shares during the period. Institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

CARR has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of Carrier Global from $75.00 to $74.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company upped their price target on shares of Carrier Global from $66.00 to $73.00 and gave the stock an “equal weight” rating in a report on Friday, September 6th. Citigroup raised shares of Carrier Global from a “neutral” rating to a “buy” rating and upped their price target for the stock from $65.00 to $74.00 in a report on Monday, June 24th. Barclays upped their price target on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Finally, Royal Bank of Canada upped their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.73.

Carrier Global Stock Performance

NYSE CARR opened at $79.92 on Friday. The company has a 50-day simple moving average of $69.49 and a two-hundred day simple moving average of $64.02. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.80. Carrier Global Co. has a 12-month low of $45.68 and a 12-month high of $81.24. The firm has a market cap of $72.01 billion, a price-to-earnings ratio of 55.89, a PEG ratio of 2.94 and a beta of 1.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. Carrier Global had a net margin of 14.27% and a return on equity of 23.68%. The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.05 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts forecast that Carrier Global Co. will post 2.84 EPS for the current year.

Insider Buying and Selling at Carrier Global

In other news, VP Ajay Agrawal sold 62,382 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $64.55, for a total transaction of $4,026,758.10. Following the completion of the transaction, the vice president now directly owns 103,066 shares of the company’s stock, valued at $6,652,910.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.95% of the company’s stock.

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.