Hemenway Trust Co LLC Sells 229,590 Shares of Carrier Global Corporation $CARR

Key Points

• Hemenway Trust cut its stake in Carrier Global by 60.1%, selling 229,590 shares and now holds 152,179 shares valued at about $8.04 million.
• Analyst sentiment is broadly positive with a consensus rating of “Moderate Buy” and an average price target of $74.14, while several firms raised targets (e.g., Barclays to $79, Goldman to $80) amid mixed Hold/Buy ratings.
• Carrier beat Q1 estimates (EPS $0.57 vs. $0.51; revenue $5.34B vs. $5.01B), set FY2026 guidance at 2.8 EPS, and announced a quarterly dividend of $0.24 (≈1.5% yield).

Hemenway Trust Co LLC lowered its position in shares of Carrier Global Corporation (NYSE:CARR - Free Report) by 60.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 152,179 shares of the company's stock after selling 229,590 shares during the period. Hemenway Trust Co LLC's holdings in Carrier Global were worth $8,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CARR. Ironwood Investment Counsel LLC lifted its holdings in Carrier Global by 4.6% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company's stock worth $244,000 after buying an additional 181 shares during the period. Code Waechter LLC lifted its holdings in Carrier Global by 5.0% during the 4th quarter. Code Waechter LLC now owns 3,983 shares of the company's stock worth $210,000 after buying an additional 189 shares during the period. JFS Wealth Advisors LLC lifted its holdings in Carrier Global by 13.7% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,586 shares of the company's stock worth $84,000 after buying an additional 191 shares during the period. Procyon Advisors LLC lifted its holdings in Carrier Global by 3.9% during the 4th quarter. Procyon Advisors LLC now owns 5,267 shares of the company's stock worth $278,000 after buying an additional 199 shares during the period. Finally, YANKCOM Partnership lifted its holdings in Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company's stock worth $25,000 after buying an additional 208 shares during the period. Institutional investors own 91.00% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on CARR. JPMorgan Chase & Co. lifted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a report on Friday, January 16th. Barclays lifted their target price on Carrier Global from $67.00 to $79.00 and gave the stock an "overweight" rating in a report on Friday. CICC Research cut their target price on Carrier Global from $76.85 to $69.78 and set an "outperform" rating on the stock in a report on Wednesday, February 11th. The Goldman Sachs Group lifted their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Finally, Zacks Research raised Carrier Global from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 7th. Thirteen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $74.14.

Carrier Global Stock Down 2.4%

Shares of NYSE:CARR opened at $64.28 on Wednesday. The company has a market capitalization of $53.39 billion, a price-to-earnings ratio of 42.29, a P/E/G ratio of 2.62 and a beta of 1.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. The business's 50-day moving average is $59.74 and its 200-day moving average is $57.77. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $81.09.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The firm's revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts predict that Carrier Global Corporation will post 2.8 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Monday, May 4th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global's payout ratio is currently 63.16%.

Trending Headlines about Carrier Global

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

• Positive Sentiment: CARR reported a Q1 earnings beat with revenue up year‑over‑year and order strength driven by data‑center HVAC demand — a clear demand signal for its core businesses. Carrier Global Q1 Earnings Beat, Revenue Up Year over Year
• Positive Sentiment: Carrier announced a major new HVAC plant and a Rs 1,000 crore (≈$120M) investment in Andhra Pradesh as it targets scale in manufacturing and data‑infrastructure cooling — supports long‑term revenue growth in India. Carrier to Launch Major HVAC Plant in Andhra Pradesh
• Positive Sentiment: Management says India is a priority market with an ambition to reach $1B in India revenue by the end of the decade — underscores a tangible growth thesis outside core developed markets. Carrier eyes $1 billion India revenue by decade-end: David L Gitlin
• Positive Sentiment: Argus raised its price target to $75 and kept a "buy" rating, signaling analyst conviction of further upside. Argus adjusts price target on Carrier Global to $75 from $72; maintains buy rating
• Positive Sentiment: High‑profile endorsement: Jim Cramer publicly praised Carrier's performance, which can boost retail interest and short‑term flows. Carrier Global (CARR) Hit it Out of the Park, Says Jim Cramer
• Neutral Sentiment: Rothschild & Co Redburn raised its price target to $73 but maintained a "neutral" rating — positive for valuation but not an outright buy signal. Rothschild & Co Redburn adjusts PT on Carrier Global to $73
• Neutral Sentiment: Management visibility: CEO David Gitlin will present at the Wolfe Research conference on May 19 — an opportunity for updated commentary but not an immediate fundamental change. Carrier to Present at the Wolfe Research 19th Annual Global Transportation & Industrials Conference
• Negative Sentiment: Despite the EPS beat, margins compressed and organic sales declined year‑over‑year — a profitability concern that likely tempered investor enthusiasm and contributed to the pullback. Carrier Global Q1 Earnings Beat, Revenue Up Year over Year

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.

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