Avity Investment Management Inc. Raises Stock Position in Carrier Global Corporation $CARR

Avity Investment Management Inc. lifted its position in shares of Carrier Global Corporation (NYSE:CARR) by 33.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 194,484 shares of the company’s stock after buying an additional 49,260 shares during the period. Avity Investment Management Inc.’s holdings in Carrier Global were worth $14,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CARR. Norges Bank acquired a new position in Carrier Global during the fourth quarter worth $380,299,000. Ontario Teachers Pension Plan Board purchased a new stake in shares of Carrier Global in the 4th quarter worth about $99,839,000. Voloridge Investment Management LLC grew its stake in Carrier Global by 865.3% in the 4th quarter. Voloridge Investment Management LLC now owns 1,974,350 shares of the company’s stock valued at $104,325,000 after acquiring an additional 1,769,813 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Carrier Global by 44.1% during the 4th quarter. Victory Capital Management Inc. now owns 4,783,753 shares of the company’s stock worth $252,774,000 after purchasing an additional 1,465,144 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its stake in Carrier Global by 1,808.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 1,501,855 shares of the company’s stock valued at $79,358,000 after buying an additional 1,423,152 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

CARR opened at $64.01 on Friday. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company’s 50 day simple moving average is $68.56 and its 200 day simple moving average is $63.79. The stock has a market capitalization of $52.77 billion, a PE ratio of 44.45, a P/E/G ratio of 2.48 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. Carrier Global’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, sell-side analysts expect that Carrier Global Corporation will post 2.89 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CARR. Royal Bank Of Canada upped their price objective on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Rothschild & Co Redburn boosted their price target on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a report on Thursday, July 9th. Finally, Barclays lifted their price objective on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

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.