Stonehage Fleming Financial Services Holdings Ltd Buys New Shares in Carrier Global Corporation $CARR

Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, Holdings Channel reports. The fund purchased 13,769 shares of the company’s stock, valued at approximately $1,010,000.

A number of other large investors also recently modified their holdings of the business. Bank of New York Mellon Corp bought a new position in Carrier Global in the second quarter valued at approximately $590,759,000. Bank of America Corp DE acquired a new position in shares of Carrier Global during the 2nd quarter worth approximately $572,908,000. Norges Bank bought a new stake in shares of Carrier Global during the 4th quarter worth approximately $380,299,000. Legal & General Group Plc bought a new stake in shares of Carrier Global during the 2nd quarter worth approximately $322,366,000. Finally, Primecap Management Co. CA acquired a new stake in shares of Carrier Global in the 2nd quarter valued at approximately $283,585,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 0.2%

Shares of CARR opened at $58.83 on Friday. Carrier Global Corporation has a one year low of $50.24 and a one year high of $76.76. The company has a market cap of $48.50 billion, a P/E ratio of 40.85, a P/E/G ratio of 2.17 and a beta of 1.31. 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 firm has a 50 day simple moving average of $66.42 and a two-hundred day simple moving average of $64.02.

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

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 66.67%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Rothschild & Co Redburn lifted their price objective on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Argus increased their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group raised their price target on shares of Carrier Global from $74.00 to $80.00 in a research report on Friday, May 1st. Mizuho lifted their price objective on shares of Carrier Global from $67.00 to $75.00 in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average price target 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.