Carrier Global (NYSE:CARR) Price Target Raised to $72.00 at Robert W. Baird

Carrier Global (NYSE:CARR) had its price objective boosted by Robert W. Baird from $66.00 to $72.00 in a report published on Friday,MarketScreener reports. The brokerage currently has an outperform rating on the stock.

A number of other research analysts also recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a report on Monday, December 29th. JPMorgan Chase & Co. increased their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. Zacks Research upgraded shares of Carrier Global from a “strong sell” rating to a “hold” rating in a report on Friday, November 21st. Wolfe Research reduced their target price on shares of Carrier Global from $74.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, January 15th. Finally, The Goldman Sachs Group lowered their price target on shares of Carrier Global from $72.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Ten equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.56.

Carrier Global Price Performance

Shares of CARR stock opened at $63.98 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.75 and a current ratio of 1.20. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09. The firm 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 business’s 50 day moving average price is $55.44 and its 200-day moving average price is $59.44.

Carrier Global (NYSE:CARR) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The business’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, equities research analysts anticipate that Carrier Global will post 2.99 earnings per share for the current year.

Carrier Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Tuesday, January 20th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, January 20th. Carrier Global’s payout ratio is 21.48%.

Carrier Global declared that its board has initiated a stock repurchase plan on Tuesday, October 28th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Carrier Global by 11.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 6,314 shares of the company’s stock valued at $334,000 after purchasing an additional 636 shares in the last quarter. Bristol Gate Capital Partners Inc. raised its position in Carrier Global by 38.2% in the 4th quarter. Bristol Gate Capital Partners Inc. now owns 1,304,888 shares of the company’s stock worth $68,950,000 after buying an additional 360,703 shares during the last quarter. Advisory Alpha LLC lifted its stake in Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock valued at $319,000 after acquiring an additional 171 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of Carrier Global by 37.7% during the 4th quarter. Global Retirement Partners LLC now owns 14,004 shares of the company’s stock valued at $740,000 after acquiring an additional 3,836 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $782,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Key Headlines Impacting Carrier Global

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

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.