Stonehage Fleming Financial Services Holdings Ltd Makes New Investment in Carrier Global Corporation $CARR

Stonehage Fleming Financial Services Holdings Ltd bought a new position in Carrier Global Corporation (NYSE:CARR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,769 shares of the company’s stock, valued at approximately $1,010,000.

A number of other large investors have also bought and sold shares of CARR. Dynamic Advisor Solutions LLC grew its holdings in shares of Carrier Global by 2.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after purchasing an additional 158 shares during the last quarter. Aigen Investment Management LP raised its holdings in shares of Carrier Global by 0.3% in the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after buying an additional 166 shares during the last quarter. Advisory Alpha LLC raised its holdings in shares of Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after buying an additional 171 shares during the last quarter. Texas Bank & Trust Co raised its holdings in shares of Carrier Global by 1.3% in the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock valued at $742,000 after buying an additional 175 shares during the last quarter. Finally, Advisor OS LLC lifted its position in Carrier Global by 0.8% during the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after buying an additional 178 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

Shares of CARR opened at $58.83 on Friday. The stock has a market cap of $48.50 billion, a P/E ratio of 40.85, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The stock’s 50-day moving average price is $66.42 and its two-hundred day moving average price is $64.02. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the business posted $0.92 EPS. Carrier Global’s revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, 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 disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s payout ratio is 66.67%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CARR shares. Mizuho raised their price objective on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Barclays upped their target price on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Morgan Stanley increased their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. The Goldman Sachs Group raised their price target on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Finally, Argus boosted their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

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.