Avity Investment Management Inc. Sells 63,810 Shares of Carrier Global Corporation $CARR

Avity Investment Management Inc. lowered its position in Carrier Global Corporation (NYSE:CARR) by 32.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,674 shares of the company’s stock after selling 63,810 shares during the period. Avity Investment Management Inc.’s holdings in Carrier Global were worth $7,169,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CARR. Bank of New York Mellon Corp acquired a new stake in shares of Carrier Global in the 2nd quarter valued at approximately $590,759,000. Bank of America Corp DE acquired a new position in Carrier Global during the second quarter worth $572,908,000. Legal & General Group Plc purchased a new position in Carrier Global in the second quarter worth $322,366,000. Primecap Management Co. CA purchased a new position in Carrier Global in the second quarter worth $283,585,000. Finally, Deutsche Bank AG acquired a new stake in Carrier Global in the second quarter valued at $166,165,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CARR shares. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. Zacks Research lowered shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. The Goldman Sachs Group dropped their target price on shares of Carrier Global from $85.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, September 30th. Finally, JPMorgan Chase & Co. began coverage on Carrier Global in a research note on Friday. They set a “neutral” rating and a $61.00 price target on the stock. Twelve equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.93.

Carrier Global Price Performance

Shares of Carrier Global stock traded down $0.28 on Friday, hitting $55.55. The company’s stock had a trading volume of 4,320,929 shares, compared to its average volume of 6,789,567. The company has a market capitalization of $45.79 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 1.88 and a beta of 1.29. Carrier Global Corporation has a 52-week low of $50.24 and a 52-week high of $76.76. The firm has a fifty day moving average price of $58.55 and a 200-day moving average price of $62.87. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last posted its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities research analysts expect that Carrier Global Corporation will post 2.87 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s payout ratio is currently 66.67%.

Carrier Global Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.