169,218 Shares in Carrier Global Corporation $CARR Acquired by Ieq Capital LLC

Ieq Capital LLC purchased a new position in Carrier Global Corporation (NYSE:CARR) during the second quarter, HoldingsChannel reports. The fund purchased 169,218 shares of the company’s stock, valued at approximately $12,412,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cardinal Capital Management Inc. lifted its holdings in shares of Carrier Global by 7.1% in the second quarter. Cardinal Capital Management Inc. now owns 575,335 shares of the company’s stock worth $42,201,000 after buying an additional 37,934 shares in the last quarter. California Public Employees Retirement System grew its stake in Carrier Global by 1.5% during the first quarter. California Public Employees Retirement System now owns 1,430,425 shares of the company’s stock valued at $80,547,000 after acquiring an additional 21,367 shares in the last quarter. Mandatum Life Insurance Co Ltd grew its stake in 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 acquiring an additional 29,495 shares in the last quarter. Avity Investment Management Inc. increased its holdings in Carrier Global by 33.9% in the 2nd quarter. Avity Investment Management Inc. now owns 194,484 shares of the company’s stock valued at $14,265,000 after acquiring an additional 49,260 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Carrier Global by 275.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 114,739 shares of the company’s stock valued at $8,416,000 after acquiring an additional 84,165 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on CARR shares. Morgan Stanley boosted their price target on shares of Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 28th. Zacks Research upgraded Carrier Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Rothschild & Co Redburn lifted their target price on Carrier Global from $61.00 to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their target price on Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Wolfe Research reissued an “outperform” rating and set a $80.00 price target on shares of Carrier Global in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

Carrier Global Stock Up 0.4%

NYSE CARR opened at $60.40 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. Carrier Global Corporation has a 52 week low of $50.24 and a 52 week high of $76.76. The firm has a market capitalization of $49.79 billion, a price-to-earnings ratio of 41.94, a PEG ratio of 2.23 and a beta of 1.31. The company has a fifty day moving average of $67.37 and a two-hundred day moving average of $64.11.

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. The business had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, analysts predict that Carrier Global Corporation will post 2.89 earnings per share for the current year.

Carrier Global Announces Dividend

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