Carrier Global Corporation (NYSE:CARR) Receives $73.67 Average Price Target from Analysts

Shares of Carrier Global Corporation (NYSE:CARRGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $73.6726.

CARR has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Morgan Stanley lifted their price target on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Barclays increased their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Rothschild & Co Redburn lifted their target price on Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th.

View Our Latest Research Report on Carrier Global

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CARR. Dynamic Advisor Solutions LLC lifted its position in Carrier Global by 2.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock worth $426,000 after purchasing an additional 158 shares during the period. Aigen Investment Management LP increased its stake in Carrier Global by 0.3% in the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock valued at $2,603,000 after acquiring an additional 166 shares during the period. Advisory Alpha LLC increased its stake in Carrier Global by 2.9% in the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after acquiring an additional 171 shares during the period. Texas Bank & Trust Co raised its position in Carrier Global by 1.3% in the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after purchasing an additional 175 shares in the last quarter. Finally, Advisor OS LLC lifted its stake in Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after purchasing an additional 178 shares during the period. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Carrier Global stock opened at $58.73 on Wednesday. The firm’s 50 day simple moving average is $66.15 and its 200-day simple moving average is $63.98. The company has a market cap of $48.41 billion, a P/E ratio of 40.78, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31. 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 has a fifty-two week low of $50.24 and a fifty-two week high of $76.76.

Carrier Global (NYSE:CARRGet Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities research analysts predict that Carrier Global will post 2.89 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.24 per share. 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 dividend payout ratio (DPR) is currently 66.67%.

About Carrier Global

(Get Free Report)

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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Analyst Recommendations for Carrier Global (NYSE:CARR)

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