Hsbc Holdings PLC Boosts Holdings in Carrier Global Corporation $CARR

Hsbc Holdings PLC grew its stake in shares of Carrier Global Corporation (NYSE:CARR) by 13.8% in the second quarter, HoldingsChannel reports. The fund owned 1,589,619 shares of the company’s stock after buying an additional 192,493 shares during the quarter. Hsbc Holdings PLC’s holdings in Carrier Global were worth $116,830,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CARR. Johnson Financial Group Inc. acquired a new stake in Carrier Global during the second quarter worth about $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Carrier Global during the 2nd quarter worth about $26,000. Financial Management Professionals Inc. increased its position in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after purchasing an additional 225 shares in the last quarter. Torren Management LLC acquired a new stake in Carrier Global during the 4th quarter worth approximately $25,000. Finally, Burnham & Co LLC purchased a new position in Carrier Global in the second quarter valued at approximately $37,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on CARR. Citigroup boosted their price objective on shares of Carrier Global from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Barclays upped their price target 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. Wells Fargo & Company raised their price objective on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Evercore boosted their price objective on Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn upped their target price on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. One equities 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. According to MarketBeat, Carrier Global currently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Stock Performance

Carrier Global stock opened at $58.51 on Wednesday. Carrier Global Corporation has a 12-month low of $50.24 and a 12-month high of $76.76. The company has a market capitalization of $48.23 billion, a price-to-earnings ratio of 40.63, a price-to-earnings-growth ratio of 2.21 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’s fifty day moving average price is $66.89 and its 200 day moving average price is $64.09.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, beating 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 company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period last year, the firm earned $0.92 earnings per share. The company’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, research analysts forecast that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st were 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 of this dividend was Tuesday, July 21st. Carrier Global’s dividend payout ratio is presently 66.67%.

Carrier Global Company 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.