Carrier Global (NYSE:CARR) Price Target Raised to $64.00 at Oppenheimer

Carrier Global (NYSE:CARR) had its target price upped by Oppenheimer from $63.00 to $64.00 in a report issued on Friday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

CARR has been the topic of several other reports. Wells Fargo & Company lifted their target price on shares of Carrier Global from $59.00 to $66.00 and gave the stock an equal weight rating in a research note on Friday. Citigroup lifted their target price on shares of Carrier Global from $60.00 to $63.00 and gave the stock a neutral rating in a research note on Monday, April 8th. Royal Bank of Canada cut their price target on shares of Carrier Global from $63.00 to $60.00 and set an outperform rating on the stock in a report on Wednesday, February 7th. Finally, Barclays lifted their price target on shares of Carrier Global from $78.00 to $79.00 and gave the company an overweight rating in a report on Friday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Carrier Global has a consensus rating of Hold and a consensus target price of $62.00.

Carrier Global Stock Up 1.2 %

Shares of NYSE CARR opened at $60.51 on Friday. The company has a quick ratio of 2.40, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. Carrier Global has a 52 week low of $40.28 and a 52 week high of $60.87. The firm’s fifty day moving average is $56.54 and its 200 day moving average is $54.83. The company has a market cap of $54.47 billion, a price-to-earnings ratio of 42.31, a PEG ratio of 2.50 and a beta of 1.39.

Carrier Global (NYSE:CARR) last issued its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The company had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. On average, equities research analysts expect that Carrier Global will post 2.84 earnings per share for the current year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, May 2nd. Carrier Global’s dividend payout ratio (DPR) is presently 53.15%.

Insider Activity

In other news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the sale, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the sale, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Hedge Funds Weigh In On Carrier Global

Large investors have recently modified their holdings of the stock. McClarren Financial Advisors Inc. raised its position in shares of Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after purchasing an additional 202 shares during the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in shares of Carrier Global in the 4th quarter worth about $25,000. EdgeRock Capital LLC purchased a new position in shares of Carrier Global in the 4th quarter worth about $27,000. Larson Financial Group LLC raised its position in shares of Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Carrier Global in the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.