Equitable Holdings Inc. Takes Position in Carrier Global Corporation $CARR

Equitable Holdings Inc. acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,294 shares of the company’s stock, valued at approximately $1,195,000.

A number of other institutional investors have also recently added to or reduced their stakes in CARR. Torren Management LLC purchased a new position in Carrier Global in the fourth quarter valued at about $25,000. Johnson Financial Group Inc. purchased a new stake in shares of Carrier Global during the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Carrier Global during the 2nd quarter worth approximately $26,000. Financial Management Professionals Inc. grew its holdings in shares of Carrier Global by 142.4% in the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Carrier Global in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CARR. Mizuho lifted their price objective on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Wolfe Research reaffirmed an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada boosted their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Trading Down 0.2%

Shares of Carrier Global stock opened at $58.73 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. Carrier Global Corporation has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a market capitalization of $48.41 billion, a P/E ratio of 40.78, a P/E/G ratio of 2.17 and a beta of 1.31. The business has a 50 day moving average price of $66.15 and a 200 day moving average price of $63.98.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Sell-side analysts anticipate that Carrier Global Corporation will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.6%. Carrier Global’s dividend payout ratio (DPR) is presently 66.67%.

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.