Analysts Set Carrier Global Corporation (NYSE:CARR) PT at $73.67

Carrier Global Corporation (NYSE:CARR) has earned an average rating of “Moderate Buy” from the twenty-two ratings firms that are presently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $73.6726.

CARR has been the subject of a number of analyst reports. Evercore raised their price objective on shares of Carrier Global from $75.00 to $85.00 in a research note on Friday, May 1st. Morgan Stanley increased their price target on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Robert W. Baird raised their price target on shares of Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Sanford C. Bernstein restated a “market perform” rating and issued a $78.00 price objective on shares of Carrier Global in a report on Thursday, July 30th. Finally, BNP Paribas Exane started coverage on Carrier Global in a research report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective on the stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its stake in shares of Carrier Global by 6.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after purchasing an additional 72,906 shares during the period. Y.D. More Investments Ltd bought a new position in shares of Carrier Global in the 4th quarter worth approximately $1,556,000. Cardinal Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 41,647 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Carrier Global by 16.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,168 shares of the company’s stock worth $8,093,000 after buying an additional 21,350 shares during the last quarter. Finally, Mandatum Life Insurance Co Ltd grew its position in Carrier Global by 36.1% during the first quarter. Mandatum Life Insurance Co Ltd now owns 111,157 shares of the company’s stock valued at $6,259,000 after buying an additional 29,495 shares during the period. 91.00% of the stock is owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $65.48 on Friday. Carrier Global has a 1-year low of $50.24 and a 1-year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The business has a fifty day moving average price of $68.55 and a 200-day moving average price of $63.73. The company has a market capitalization of $53.97 billion, a PE ratio of 45.47, a PEG ratio of 2.54 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.Carrier Global’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities analysts expect that Carrier Global will post 2.88 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a $0.24 dividend. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s payout ratio is currently 66.67%.

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.