Avity Investment Management Inc. Grows Stake in Carrier Global Corporation $CARR

Avity Investment Management Inc. increased its stake in shares of Carrier Global Corporation (NYSE:CARR) by 4.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 443,914 shares of the company’s stock after purchasing an additional 18,242 shares during the period. Carrier Global accounts for approximately 1.9% of Avity Investment Management Inc.’s investment portfolio, making the stock its 24th biggest position. Avity Investment Management Inc.’s holdings in Carrier Global were worth $26,502,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CARR. Winnow Wealth LLC purchased a new stake in Carrier Global during the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Carrier Global in the second quarter valued at approximately $26,000. Clayton Financial Group LLC purchased a new position in shares of Carrier Global in the third quarter valued at approximately $26,000. Traub Capital Management LLC acquired a new stake in shares of Carrier Global in the second quarter worth approximately $27,000. Finally, Salomon & Ludwin LLC increased its position in shares of Carrier Global by 460.5% during the third quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after purchasing an additional 396 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

NYSE CARR opened at $57.00 on Wednesday. The stock’s fifty day moving average is $60.06 and its two-hundred day moving average is $58.00. The firm has a market capitalization of $47.62 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 2.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. During the same period last year, the business earned $0.54 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. CICC Research reduced their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. UBS Group lowered their target price on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, January 5th. Citigroup upped their target price on shares of Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $70.82.

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.