Avity Investment Management Inc. Has $4.27 Million Stake in Carrier Global Corporation $CARR

Avity Investment Management Inc. reduced its stake in Carrier Global Corporation (NYSE:CARR) by 81.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,714 shares of the company’s stock after selling 363,200 shares during the period. Avity Investment Management Inc.’s holdings in Carrier Global were worth $4,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in Carrier Global in the second quarter valued at about $524,939,000. Capital International Investors boosted its position in Carrier Global by 6.7% in the third quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock valued at $3,461,142,000 after buying an additional 3,630,524 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Carrier Global by 506.1% in the third quarter. Ameriprise Financial Inc. now owns 4,187,219 shares of the company’s stock valued at $249,977,000 after buying an additional 3,496,372 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Carrier Global by 1,742.8% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,623,000 shares of the company’s stock worth $265,167,000 after buying an additional 3,426,395 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Carrier Global by 461.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,460,321 shares of the company’s stock worth $130,003,000 after buying an additional 2,022,136 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Stock Down 0.8%

Carrier Global stock opened at $54.25 on Friday. Carrier Global Corporation has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20. The firm’s 50-day simple moving average is $60.44 and its 200 day simple moving average is $57.71. The stock has a market cap of $45.32 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.23 and a beta of 1.32.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. CICC Research lowered 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Robert W. Baird upped their price target on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, February 6th. Zacks Research downgraded shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Finally, Wolfe Research lifted their price target on shares of Carrier Global from $71.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, February 27th. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.82.

Carrier Global Company 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.