Evercore Wealth Management LLC Has $1.49 Million Stock Holdings in Carrier Global Corporation $CARR

Evercore Wealth Management LLC trimmed its position in shares of Carrier Global Corporation (NYSE:CARR) by 46.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,396 shares of the company’s stock after selling 22,647 shares during the period. Evercore Wealth Management LLC’s holdings in Carrier Global were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in Carrier Global by 6.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after buying an additional 72,906 shares in the last quarter. Y.D. More Investments Ltd bought a new stake in shares of Carrier Global in the 4th quarter worth approximately $1,556,000. Cardinal Capital Management Inc. grew its holdings in shares of Carrier Global by 11.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after purchasing an additional 41,647 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Carrier Global by 16.2% during 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 increased its position in shares of Carrier Global by 36.1% during 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 currently owned by hedge funds and other institutional investors.

Key Carrier Global News

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 Trading Down 9.0%

Shares of CARR 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 stock has a market cap of $52.39 billion, a PE ratio of 41.50, a PEG ratio of 2.78 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 has a 50 day simple moving average of $68.63 and a 200-day simple moving average of $63.41.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. 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. On average, sell-side analysts predict that Carrier Global Corporation will post 2.79 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend 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 (DPR) is presently 63.16%.

Analysts Set New Price Targets

Several research analysts recently commented on CARR shares. Rothschild & Co Redburn raised 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. Royal Bank Of Canada boosted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Robert W. Baird increased their price objective on shares of Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Finally, Citigroup lifted their target price on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Carrier Global has a consensus rating of “Moderate Buy” and an average target price 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.