Vinva Investment Management Ltd Sells 69,996 Shares of Carrier Global Corporation $CARR

Vinva Investment Management Ltd trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 70.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,846 shares of the company’s stock after selling 69,996 shares during the period. Vinva Investment Management Ltd’s holdings in Carrier Global were worth $1,765,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CARR. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Carrier Global during the 2nd quarter worth about $26,000. Winnow Wealth LLC bought a new position in Carrier Global in the 2nd quarter worth approximately $26,000. Traub Capital Management LLC acquired a new position in shares of Carrier Global during the second quarter worth approximately $27,000. Clayton Financial Group LLC bought a new stake in shares of Carrier Global in the third quarter valued at approximately $26,000. Finally, Salomon & Ludwin LLC grew its stake in shares of Carrier Global by 460.5% in 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 last quarter. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. UBS Group cut their target price on shares of Carrier Global from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Citigroup increased their target price on shares of Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Zacks Research lowered Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Barclays cut 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. Finally, CICC Research lowered their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a research report on Wednesday, February 11th. Twelve investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.82.

Carrier Global Stock Performance

NYSE:CARR opened at $58.73 on Tuesday. The firm has a market capitalization of $49.06 billion, a PE ratio of 34.34, a price-to-earnings-growth ratio of 2.34 and a beta of 1.32. The company has a quick ratio of 0.85, a current ratio of 1.20 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 firm has a 50-day moving average price of $59.61 and a 200 day moving average price of $58.40.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company 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 firm posted $0.54 earnings per share. The firm’s revenue for the quarter 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. Research analysts anticipate that Carrier Global Corporation will post 2.99 earnings per share for the current fiscal year.

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.