Carrier Global (NYSE:CARR) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Carrier Global (NYSE:CARR) had its price target lowered by JPMorgan Chase & Co. from $61.00 to $60.00 in a research report report published on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other brokerages have also recently weighed in on CARR. The Goldman Sachs Group cut shares of Carrier Global from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $74.00 to $61.00 in a report on Wednesday, October 14th. Zacks Research lowered Carrier Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Sanford C. Bernstein lowered their target price on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating on the stock in a report on Wednesday, October 7th. Citigroup lowered their target price on Carrier Global from $80.00 to $71.00 and set a “buy” rating for the company in a research note on Friday. Finally, Mizuho lowered their target price on Carrier Global from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Eleven research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.54.

Carrier Global Price Performance

CARR stock opened at $53.45 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 0.96. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The business has a 50 day moving average price of $56.37 and a 200 day moving average price of $61.71. The stock has a market cap of $43.73 billion, a price-to-earnings ratio of -24.07, a PEG ratio of 1.83 and a beta of 1.33.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, October 29th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.76 by $0.11. Carrier Global had a negative net margin of 7.90% and a positive return on equity of 16.99%. The firm had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. Equities research analysts anticipate that Carrier Global will post 2.87 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be paid a dividend of $0.24 per share. The ex-dividend date is Thursday, October 29th. This represents a $0.96 dividend on an annualized basis and a yield of 1.8%. Carrier Global’s dividend payout ratio is -43.24%.

Institutional Investors Weigh In On Carrier Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC boosted its position in shares of Carrier Global by 2.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock valued at $426,000 after acquiring an additional 158 shares during the period. Texas Bank & Trust Co lifted its position in shares of Carrier Global by 1.3% in the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after purchasing an additional 175 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in Carrier Global by 0.7% during the first quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock worth $1,389,000 after purchasing an additional 181 shares during the period. Brookstone Capital Management grew its stake in shares of Carrier Global by 3.2% in the third quarter. Brookstone Capital Management now owns 6,192 shares of the company’s stock valued at $340,000 after acquiring an additional 194 shares in the last quarter. Finally, PFG Investments LLC raised its stake in Carrier Global by 2.8% during the first quarter. PFG Investments LLC now owns 7,242 shares of the company’s stock worth $408,000 after acquiring an additional 198 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Carrier Global

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

• Positive Sentiment: Q3 results exceeded expectations: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12.3% year over year to $6.26 billion, topping expectations of $6.09 billion. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and backlog strengthened: Total orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog exceeding $8.5 billion and signed long-term agreements worth multiple billions of dollars with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Full-year sales outlook improved: Management updated its 2026 guidance for higher sales, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million and free cash flow was $674 million; the company returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Neutral Sentiment: Analysts remain broadly constructive, but targets were reduced: Citigroup cut its target to $71 while retaining a Buy rating; Wells Fargo lowered its target to $65 with an Overweight rating; RBC reduced its target to $70 with an Outperform rating; and BNP Paribas Exane cut its target to $60 while maintaining Neutral. The revisions still imply substantial potential upside, but signal more cautious valuation or earnings assumptions.
• Negative Sentiment: GAAP results were affected by an impairment charge: Carrier reported a goodwill impairment for the quarter, contributing to GAAP EPS of negative $3.16 despite positive adjusted earnings. Cost pressures and the lower analyst targets may be weighing on investor sentiment.
• Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, approximately 189% above typical daily put volume, indicating elevated demand for downside protection or speculative bearish positioning.

Carrier Global Company Profile

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.