Carrier Global Corporation $CARR Shares Purchased by Avity Investment Management Inc.

Avity Investment Management Inc. increased its holdings in shares of Carrier Global Corporation (NYSE:CARR) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443,914 shares of the company’s stock after purchasing an additional 18,242 shares during the period. Carrier Global makes up 1.9% of Avity Investment Management Inc.’s holdings, making the stock its 24th biggest position. Avity Investment Management Inc. owned approximately 0.05% of Carrier Global worth $26,502,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CARR. Winnow Wealth LLC acquired a new stake in Carrier Global during the 2nd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at about $26,000. Clayton Financial Group LLC acquired a new position in shares of Carrier Global in the 3rd quarter valued at about $26,000. Traub Capital Management LLC purchased a new stake in shares of Carrier Global in the second quarter worth about $27,000. Finally, Salomon & Ludwin LLC grew its holdings in 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 acquiring an additional 396 shares during the period. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Stock Up 2.1%

Shares of CARR opened at $57.00 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The stock’s 50 day moving average is $60.06 and its two-hundred day moving average is $58.00. The firm has a market cap of $47.62 billion, a P/E ratio of 33.33, a PEG ratio of 2.28 and a beta of 1.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the previous year, the company earned $0.54 earnings per share. The company’s quarterly 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. Analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on CARR. Barclays decreased their price target on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Carrier Global in a research note on Monday, December 29th. Robert W. Baird lifted their target price on shares of Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, February 6th. The Goldman Sachs Group boosted their target price on shares of Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Zacks Research lowered shares of Carrier Global from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.