The Manufacturers Life Insurance Company Has $67.61 Million Position in Carrier Global Corporation $CARR

The Manufacturers Life Insurance Company grew its holdings in Carrier Global Corporation (NYSE:CARR) by 17.5% in the 1st quarter, Holdings Channel reports. The fund owned 1,200,601 shares of the company’s stock after purchasing an additional 178,554 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Carrier Global were worth $67,606,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Carrier Global by 30.3% in the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after acquiring an additional 1,850 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Carrier Global by 51.5% during the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock worth $4,236,000 after acquiring an additional 23,200 shares in the last quarter. United Bank grew its stake in shares of Carrier Global by 41.2% during the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock worth $1,244,000 after acquiring an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after purchasing an additional 4,277 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in shares of Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after purchasing an additional 561 shares during the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CARR. BNP Paribas Exane initiated coverage on Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective for the company. Sanford C. Bernstein assumed coverage on Carrier Global in a research note on Tuesday, June 9th. They issued a “market perform” rating and a $75.00 price target for the company. Argus boosted their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Zacks Research raised shares of Carrier Global from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Twelve equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $73.51.

Carrier Global Price Performance

Carrier Global stock opened at $59.96 on Thursday. The company has a market capitalization of $49.80 billion, a price-to-earnings ratio of 41.64, a PEG ratio of 2.52 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.75 and a debt-to-equity ratio of 0.77. Carrier Global Corporation has a 12 month low of $50.24 and a 12 month high of $76.76. The stock’s 50 day moving average is $68.56 and its 200-day moving average is $63.45.

Carrier Global (NYSE:CARR) last announced 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 5.52% and a return on equity of 14.68%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. Carrier Global’s quarterly 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. Equities research analysts expect that Carrier Global Corporation will post 2.8 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be given 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 is Tuesday, July 21st. Carrier Global’s payout ratio is presently 63.16%.

More Carrier Global News

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

• Positive Sentiment: Q2 results exceeded expectations: Carrier reported adjusted EPS of $0.86 versus consensus estimates near $0.82-$0.83, while revenue of $6.35 billion surpassed expectations of approximately $6.02 billion. Revenue increased 3.9% year over year. Carrier Reports Second Quarter 2026 Results
• Positive Sentiment: Guidance was raised: Management now expects roughly $23 billion in 2026 sales and $2.90 in adjusted EPS, above consensus forecasts of about $22.2 billion and $2.80, respectively. The company also increased its outlook for adjusted operating profit. Carrier 2026 Forecast
• Positive Sentiment: Data-center and HVAC demand strengthened: Carrier raised its 2026 data-center revenue outlook to approximately $2 billion. Commercial HVAC orders and backlog growth, along with a rebound in residential HVAC, provided evidence of improving demand. Carrier Global Q2 Results Benefit From Residential HVAC Rebound
• Neutral Sentiment: Portfolio streamlining: Carrier agreed to sell its Noresco energy-services business to LS Power. The transaction may simplify the portfolio and provide proceeds, although the immediate earnings impact was not detailed. Carrier Global to Sell Noresco Business
• Negative Sentiment: Profitability remains the concern: EPS declined from $0.92 a year earlier to $0.86, and management cited margin pressure. Investors appear to be treating the strong outlook as insufficient to offset concerns about earnings quality and valuation, causing the stock to decrease despite the beat. Carrier Earnings Could Send the Stock to a New All-Time High

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.