Carrier Global Corporation $CARR Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its position in shares of Carrier Global Corporation (NYSE:CARR) by 26.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,649,655 shares of the company’s stock after purchasing an additional 347,955 shares during the period. Hsbc Holdings PLC owned 0.20% of Carrier Global worth $87,339,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aigen Investment Management LP increased its position in Carrier Global by 0.3% in the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after purchasing an additional 166 shares during the last quarter. Advisory Alpha LLC lifted its holdings in shares of Carrier Global by 2.9% during the 4th 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. Advisor OS LLC grew its stake in shares of Carrier Global by 0.8% in the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock valued at $1,135,000 after buying an additional 178 shares in the last quarter. Wescott Financial Advisory Group LLC grew its stake in shares of Carrier Global by 4.7% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock valued at $220,000 after buying an additional 186 shares in the last quarter. Finally, Rossmore Private Capital increased its holdings in Carrier Global by 1.5% in the fourth quarter. Rossmore Private Capital now owns 12,944 shares of the company’s stock worth $684,000 after buying an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Trading Up 0.2%

Shares of CARR stock opened at $71.92 on Monday. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a market cap of $59.74 billion, a PE ratio of 47.32, a price-to-earnings-growth ratio of 2.88 and a beta of 1.34. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $65.20 and its two-hundred day moving average is $60.28.

Carrier Global (NYSE:CARR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. Carrier Global’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts predict that Carrier Global Corporation will post 2.78 EPS for the current year.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is 63.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently 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. Robert W. Baird boosted their target price on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Citigroup increased their price target on shares of Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Argus raised their price target on shares of Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, BNP Paribas Exane assumed coverage on shares of Carrier Global in a research note on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Twelve investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $74.09.

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.