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

Avity Investment Management Inc. reduced its holdings in Carrier Global Corporation (NYSE:CARR) by 81.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,714 shares of the company’s stock after selling 363,200 shares during the quarter. Avity Investment Management Inc.’s holdings in Carrier Global were worth $4,265,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CARR. Twin Peaks Wealth Advisors LLC purchased a new position in Carrier Global in the 2nd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Carrier Global during the 3rd quarter valued at $25,000. Clayton Financial Group LLC bought a new stake in shares of Carrier Global during the 3rd quarter worth $26,000. Salomon & Ludwin LLC grew its position in Carrier Global by 460.5% in the third quarter. Salomon & Ludwin LLC now owns 482 shares of the company’s stock worth $29,000 after acquiring an additional 396 shares in the last quarter. Finally, True Wealth Design LLC grew its position in Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after acquiring an additional 427 shares in the last quarter. Institutional investors own 91.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird raised their price target on Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. lifted their price target on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Wells Fargo & Company increased their price objective on Carrier Global from $59.00 to $65.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Wolfe Research raised their price objective on Carrier Global from $71.00 to $74.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, The Goldman Sachs Group boosted their target price on Carrier Global from $68.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.82.

Carrier Global Trading Down 0.8%

NYSE CARR opened at $54.25 on Friday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. The stock’s fifty day moving average price is $60.44 and its 200-day moving average price is $57.71. The stock has a market cap of $45.32 billion, a P/E ratio of 31.73, a P/E/G ratio of 2.23 and a beta of 1.32.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts forecast that Carrier Global Corporation will post 2.99 EPS for the current fiscal year.

Carrier Global Profile

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.