Carrier Global Corporation (NYSE:CARR) Given Average Rating of “Moderate Buy” by Brokerages

Carrier Global Corporation (NYSE:CARR) has been given a consensus rating of “Moderate Buy” by the twenty-two analysts that are currently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $73.2516.

Several research analysts recently commented on the company. Wells Fargo & Company increased their price target on Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Argus boosted their price target on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Barclays upped their price objective on Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Wolfe Research raised their target price on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a research note on Wednesday, April 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Carrier Global from $63.00 to $67.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th.

Carrier Global Stock Down 3.1%

CARR traded down $2.20 during trading hours on Tuesday, hitting $67.90. 555,992 shares of the company’s stock were exchanged, compared to its average volume of 6,970,717. The stock has a market cap of $56.40 billion, a price-to-earnings ratio of 44.59, a PEG ratio of 2.81 and a beta of 1.31. Carrier Global has a 1-year low of $50.24 and a 1-year high of $81.09. The stock’s 50-day moving average is $67.36 and its two-hundred day moving average is $61.61. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts predict that Carrier Global will post 2.78 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 annualized dividend and a dividend yield of 1.4%. Carrier Global’s payout ratio is currently 63.16%.

Institutional Investors Weigh In On Carrier Global

Institutional investors and hedge funds have recently modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new position in Carrier Global during the third quarter worth $25,000. Torren Management LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth about $25,000. YANKCOM Partnership boosted its holdings in shares of Carrier Global by 78.5% during the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after buying an additional 208 shares during the period. True Wealth Design LLC boosted its holdings in shares of Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after buying an additional 427 shares during the period. Finally, Global Wealth Strategies & Associates grew its stake in Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 300 shares during the last quarter. 91.00% of the stock is owned by institutional investors.

About Carrier Global

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.