Carrier Global Corporation (NYSE:CARR) Receives Average Recommendation of “Moderate Buy” from Analysts

Carrier Global Corporation (NYSE:CARR) has earned a consensus recommendation of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $78.4211.

Several research firms recently weighed in on CARR. Oppenheimer reduced their price objective on shares of Carrier Global from $85.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 17th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $79.00 price objective on shares of Carrier Global in a research note on Tuesday, July 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Carrier Global in a research note on Wednesday. Melius began coverage on shares of Carrier Global in a research note on Tuesday, July 1st. They set a “hold” rating and a $90.00 price objective on the stock. Finally, Barclays reduced their price objective on shares of Carrier Global from $82.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, September 11th.

Institutional Trading of Carrier Global

Hedge funds have recently bought and sold shares of the stock. AdvisorShares Investments LLC acquired a new stake in Carrier Global during the 2nd quarter worth approximately $25,000. Winnow Wealth LLC acquired a new stake in Carrier Global during the 2nd quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Carrier Global during the 2nd quarter worth approximately $26,000. Traub Capital Management LLC acquired a new stake in Carrier Global during the 2nd quarter worth approximately $27,000. Finally, Accredited Wealth Management LLC acquired a new stake in Carrier Global during the 1st quarter worth approximately $28,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of NYSE:CARR opened at $56.63 on Friday. The firm’s 50 day simple moving average is $63.02 and its 200 day simple moving average is $67.19. Carrier Global has a fifty-two week low of $54.22 and a fifty-two week high of $83.32. The company has a market capitalization of $48.19 billion, a price-to-earnings ratio of 12.34, a P/E/G ratio of 1.76 and a beta of 1.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.17 and a quick ratio of 0.80.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, sell-side analysts forecast that Carrier Global will post 2.99 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 18th. Shareholders of record on Wednesday, October 29th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, October 29th. Carrier Global’s dividend payout ratio (DPR) is 19.61%.

About Carrier Global

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.