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

Vinva Investment Management Ltd reduced its position in shares of Carrier Global Corporation (NYSE:CARR) by 70.1% in the 3rd quarter, HoldingsChannel reports. 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new stake in Carrier Global during the second quarter worth about $26,000. Winnow Wealth LLC bought a new position in shares of Carrier Global in the second quarter valued at approximately $26,000. Traub Capital Management LLC acquired a new position in shares of Carrier Global in the 2nd quarter worth approximately $27,000. Clayton Financial Group LLC acquired a new position in shares of Carrier Global in the 3rd quarter worth approximately $26,000. Finally, Salomon & Ludwin LLC grew its position in Carrier Global by 460.5% during the 3rd 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 and hedge funds.

Carrier Global Stock Up 0.6%

Shares of CARR opened at $58.73 on Tuesday. The business’s fifty day moving average price is $59.61 and its two-hundred day moving average price is $58.40. The firm has a market capitalization of $49.06 billion, a price-to-earnings ratio of 34.34, a PEG ratio of 2.34 and a beta of 1.32. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $81.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.85 and a current ratio of 1.20.

Carrier Global (NYSE:CARR) last released its earnings results 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 return on equity of 15.30% and a net margin of 6.82%.The firm had revenue of $4.84 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s 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. On average, analysts predict that Carrier Global Corporation will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

CARR has been the subject of a number of recent analyst reports. Mizuho dropped their price target on Carrier Global from $75.00 to $67.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Rothschild & Co Redburn decreased their target price on Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Barclays lowered their target price on Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. Robert W. Baird lifted their price target on Carrier Global from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.82.

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.