Carrier Global Corporation (NYSE:CARR) Receives $73.78 Consensus Target Price from Brokerages

Shares of Carrier Global Corporation (NYSE:CARR) have been given an average recommendation of “Moderate Buy” by the twenty-two brokerages that are covering the company, Marketbeat reports. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $73.7779.

Several equities research analysts have recently issued reports on the company. Argus raised their target price on Carrier Global from $72.00 to $75.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Royal Bank Of Canada raised their target price on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. BNP Paribas Exane assumed coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price for the company. Finally, CICC Research decreased their target price on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th.

Carrier Global Trading Up 0.1%

NYSE CARR opened at $63.19 on Monday. The firm has a market capitalization of $52.49 billion, a P/E ratio of 41.57, a PEG ratio of 2.51 and a beta of 1.38. The business has a fifty day simple moving average of $60.72 and a 200 day simple moving average of $58.40. Carrier Global has a 12 month low of $50.24 and a 12 month high of $81.09. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.Carrier Global’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts predict that Carrier Global will post 2.8 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Monday, May 4th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, May 4th. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is currently 63.16%.

Institutional Investors Weigh In On Carrier Global

Large investors have recently made changes to their positions in the business. Becker Capital Management Inc. boosted its position in shares of Carrier Global by 5.6% during the 3rd quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after acquiring an additional 22,377 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Carrier Global by 6.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock worth $59,586,000 after buying an additional 72,906 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in Carrier Global in the 4th quarter worth approximately $1,556,000. Cardinal Capital Management Inc. lifted its position in Carrier Global by 11.3% in the 4th quarter. Cardinal Capital Management Inc. now owns 410,196 shares of the company’s stock worth $21,675,000 after buying an additional 41,647 shares during the last quarter. Finally, Meitav Investment House Ltd. lifted its position in Carrier Global by 79.5% in the 3rd quarter. Meitav Investment House Ltd. now owns 364,653 shares of the company’s stock worth $21,770,000 after buying an additional 161,513 shares during the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

Carrier Global Company Profile

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.