Carrier Global Corporation $CARR Shares Sold by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP lessened its stake in shares of Carrier Global Corporation (NYSE:CARR) by 95.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,775 shares of the company’s stock after selling 35,650 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Carrier Global were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CARR. Massachusetts Financial Services Co. MA boosted its holdings in shares of Carrier Global by 6.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after acquiring an additional 72,906 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in Carrier Global during the fourth quarter worth about $1,556,000. Cardinal Capital Management Inc. lifted its position in Carrier Global by 11.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock valued at $21,675,000 after purchasing an additional 41,647 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Carrier Global by 16.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock valued at $8,093,000 after purchasing an additional 21,350 shares during the period. Finally, Mandatum Life Insurance Co Ltd lifted its position in Carrier Global by 36.1% in the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock valued at $6,259,000 after purchasing an additional 29,495 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Quarterly results exceeded expectations: Carrier reported adjusted EPS of $0.86 versus the $0.82-$0.83 analyst consensus, while revenue of $6.35 billion surpassed estimates of roughly $6.02 billion. Revenue increased 3.9% year over year, and HVAC orders rose, supporting investor confidence in demand. Carrier Q2 Earnings & Sales Top Estimates, HVAC Orders Up Y/Y
• Positive Sentiment: Full-year outlook was raised: Carrier now expects approximately $23 billion in 2026 sales and adjusted EPS of about $2.90, above consensus expectations of approximately $22.2 billion and $2.80, respectively. The company also increased its outlook for adjusted operating profit. Carrier Reports Second Quarter 2026 Results
• Positive Sentiment: Data-center demand is becoming a larger growth driver: Carrier lifted its 2026 data-center revenue outlook to approximately $2 billion, indicating strong commercial HVAC demand tied to data-center construction and expansion. Carrier forecasts 2026 sales and EPS
• Neutral Sentiment: NORESCO sale streamlines the portfolio: Carrier agreed to sell its NORESCO energy-services business to OPTERRA Energy Services, an LS Power subsidiary. The transaction may sharpen Carrier’s focus on climate and HVAC solutions, although financial terms and the effect on earnings were not highlighted. Carrier Announces Agreement to Sell NORESCO
• Negative Sentiment: Profitability remains a concern: Quarterly EPS declined from $0.92 a year earlier to $0.86, and reports noted margin pressure. With Carrier trading at a relatively demanding earnings multiple, investors appear to have treated the guidance increase as insufficient to offset concerns about near-term margins and earnings quality.

Carrier Global Stock Down 9.0%

CARR stock opened at $63.08 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $68.63 and its 200 day moving average price is $63.41. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company has a market cap of $52.39 billion, a P/E ratio of 41.50, a P/E/G ratio of 2.78 and a beta of 1.31.

Carrier Global (NYSE:CARR) last issued its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, research analysts expect that Carrier Global Corporation will post 2.79 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

CARR has been the topic of several recent analyst reports. Citigroup boosted their target price on Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Barclays raised their price target on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Argus lifted their price target on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Finally, JPMorgan Chase & Co. increased their price objective on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Twelve analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $73.51.

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.