Carrier Global Corporation (NYSE:CARR – Get Free Report) has earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are currently covering the firm, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $70.43.
CARR has been the topic of several analyst reports. Wells Fargo & Company began coverage on shares of Carrier Global in a research report on Thursday, September 24th. They set an “overweight” rating and a $67.00 price target on the stock. Sanford C. Bernstein decreased their price objective on Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a report on Wednesday, October 7th. The Goldman Sachs Group cut Carrier Global from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $74.00 to $61.00 in a report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Carrier Global in a research report on Monday, July 20th. Finally, Wolfe Research reiterated an “outperform” rating and set a $80.00 target price on shares of Carrier Global in a report on Thursday, July 9th.
Get Our Latest Analysis on Carrier Global
Carrier Global Stock Performance
Shares of CARR stock opened at $54.90 on Thursday. The company’s fifty day simple moving average is $57.60 and its 200-day simple moving average is $62.79. 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 firm has a market cap of $45.26 billion, a PE ratio of 38.12, a P/E/G ratio of 1.88 and a beta of 1.29. Carrier Global has a 12 month low of $50.24 and a 12 month high of $76.76.
Carrier Global (NYSE:CARR – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. Equities research analysts expect that Carrier Global will post 2.87 EPS for the current fiscal year.
Carrier Global Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new position in shares of Carrier Global in the second quarter valued at $590,759,000. Bank of America Corp DE acquired a new position in Carrier Global during the second quarter worth $572,908,000. Dimensional Fund Advisors LP increased its holdings in Carrier Global by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,291,311 shares of the company’s stock worth $354,188,000 after buying an additional 246,723 shares during the last quarter. Legal & General Group Plc acquired a new position in Carrier Global during the second quarter worth $322,366,000. Finally, Primecap Management Co. CA bought a new stake in Carrier Global during the second quarter worth $283,585,000. Institutional investors and hedge funds own 91.00% of the company’s stock.
Carrier Global Company Profile
Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.
Carrier also provides refrigeration products and services for food retail, transportation and other applications.
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