Wells Fargo & Company Issues Positive Forecast for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its price objective raised by Wells Fargo & Company from $59.00 to $65.00 in a research note issued to investors on Friday, Marketbeat.com reports. They currently have an equal weight rating on the stock.

CARR has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft cut their price objective on Carrier Global from $70.00 to $64.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Citigroup raised their price target on Carrier Global from $70.00 to $72.00 and gave the company a “buy” rating in a report on Friday. Rothschild & Co Redburn reduced their price objective on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Finally, Oppenheimer restated a “market perform” rating on shares of Carrier Global in a research note on Wednesday, October 29th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.56.

Carrier Global Stock Performance

Shares of CARR stock opened at $63.98 on Friday. The company has a fifty day moving average price of $55.44 and a two-hundred day moving average price of $59.44. Carrier Global has a one year low of $50.24 and a one year high of $81.09. The stock has a market cap of $53.88 billion, a P/E ratio of 37.42, a P/E/G ratio of 2.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.75.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.02). Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities analysts predict that Carrier Global will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th will be given a $0.24 dividend. The ex-dividend date is Tuesday, January 20th. This is a positive change from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is presently 21.48%.

Carrier Global announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 28th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Carrier Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CARR. Spirepoint Private Client LLC increased its holdings in shares of Carrier Global by 547.7% during the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock worth $3,623,000 after buying an additional 51,324 shares in the last quarter. Foster Victor Wealth Advisors LLC grew its position in Carrier Global by 24.1% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 216,777 shares of the company’s stock worth $12,931,000 after acquiring an additional 42,161 shares during the last quarter. Oak Thistle LLC acquired a new position in Carrier Global in the 3rd quarter worth about $1,986,000. Brookstone Capital Management increased its holdings in Carrier Global by 220.8% in the 3rd quarter. Brookstone Capital Management now owns 51,852 shares of the company’s stock worth $3,096,000 after purchasing an additional 35,691 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new position in Carrier Global in the third quarter valued at about $20,678,000. 91.00% of the stock is owned by institutional investors and hedge funds.

Key Carrier Global News

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Several major brokers raised targets and kept favorable ratings, signaling buyside optimism and supporting upside. Highlights: Baird raised its target to $72 and kept an outperform rating. Baird Raises PT
• Positive Sentiment: RBC raised its target to $74 and maintained an outperform, and Goldman Sachs also lifted its target to $74 and kept a buy — both imply mid‑teens upside vs. recent levels. RBC Raises PT Goldman Raises PT
• Positive Sentiment: Baird/RBC/Goldman’s moves reflect confidence in non‑residential end markets (notably data centers and aftermarket), which analysts cite as durable growth drivers.
• Neutral Sentiment: Carrier highlighted plans for ~50% data‑center revenue growth in 2026 and reiterated margin expansion, buybacks and free cash flow generation — positives for medium‑term earnings power but partially offset by soft residential demand. Data Center Growth
• Neutral Sentiment: Company press release and investor materials show strong cash flow and ~$3.7B returned to shareholders in 2025, supporting buyback-led EPS support. Company PR
• Negative Sentiment: Q4 results missed: adjusted EPS of $0.34 vs. consensus $0.36 and revenue ~$4.84B vs. ~$5.05B — revenue and EPS were down year‑over‑year, prompting near‑term investor caution. Q4 Results
• Negative Sentiment: FY‑2026 guidance below consensus: company issued EPS guidance of $2.80 (Street ~2.87) and revenue guide roughly $22.0B vs. Street ~$22.5B — a key driver of downward pressure after the print. Guidance Miss
• Negative Sentiment: Street reaction to the miss was immediate: several outlets report shares fell on the results and guidance. Continued residential weakness remains the primary risk to near‑term revenue. Market Reaction

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.