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

Key Points

• Avity Investment Management increased its Carrier Global stake by 33.9% in the second quarter, ending with 194,484 shares valued at approximately $14.3 million. Institutional investors collectively own about 91% of CARR.
• Carrier Global exceeded quarterly expectations, reporting $0.86 in earnings per share versus the $0.82 consensus and $6.35 billion in revenue, up 3.9% year over year. The company reaffirmed fiscal 2026 guidance of $2.90 EPS.
• The company declared a quarterly dividend of $0.24 per share, or $0.96 annually, representing a 1.5% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $73.67.

Avity Investment Management Inc. lifted its stake in Carrier Global Corporation (NYSE:CARR - Free Report) by 33.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its position in Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company's stock worth $59,586,000 after buying an additional 72,906 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Carrier Global by 16.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company's stock valued at $8,093,000 after acquiring an additional 21,350 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Carrier Global by 1.5% in the first quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company's stock valued at $80,547,000 after acquiring an additional 21,367 shares during the period. Mandatum Life Insurance Co Ltd grew its position in shares of Carrier Global by 36.1% during the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company's stock worth $6,259,000 after acquiring an additional 29,495 shares during the last quarter. Finally, Carnegie Investment Counsel grew its position in shares of Carrier Global by 420.4% during the fourth quarter. Carnegie Investment Counsel now owns 25,758 shares of the company's stock worth $1,361,000 after acquiring an additional 20,808 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Price Performance

Carrier Global stock opened at $64.01 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The business has a 50 day simple moving average of $68.56 and a 200-day simple moving average of $63.79. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The stock has a market capitalization of $52.77 billion, a PE ratio of 44.45, a price-to-earnings-growth ratio of 2.48 and a beta of 1.31.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion for 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 quarterly revenue 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. Equities analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued 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 currently 66.67%.

Analyst Ratings Changes

Several research firms recently commented on CARR. Mizuho upped their price target on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Evercore raised their price objective on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Zacks Research upgraded shares of Carrier Global from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Carrier Global in a report on Monday, July 20th. Finally, BNP Paribas Exane assumed coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They set a "neutral" rating and a $62.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Carrier Global currently has an average rating of "Moderate Buy" and a consensus target price of $73.67.

About Carrier Global

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.

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