Equitable Holdings Inc. Makes New Investment in Carrier Global Corporation $CARR

Equitable Holdings Inc. acquired a new stake in Carrier Global Corporation (NYSE:CARR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,294 shares of the company’s stock, valued at approximately $1,195,000.

Other large investors have also modified their holdings of the company. Torren Management LLC acquired a new position in shares of Carrier Global in the 4th quarter valued at $25,000. Johnson Financial Group Inc. acquired a new position in Carrier Global in the second quarter valued at $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Carrier Global in the second quarter valued at about $26,000. Financial Management Professionals Inc. raised its holdings in shares of Carrier Global by 142.4% in the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of Carrier Global during the fourth quarter worth about $33,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CARR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Monday, July 20th. Evercore increased their price objective on Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Barclays lifted their target price on Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. The Goldman Sachs Group boosted their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Finally, Wells Fargo & Company upped their price target on Carrier Global from $58.00 to $71.00 in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $73.67.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $58.73 on Friday. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77. The company has a market cap of $48.41 billion, a P/E ratio of 40.78, a PEG ratio of 2.17 and a beta of 1.31. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The company 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 released its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The company 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%.The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Research analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

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

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.