Carrier Global Corporation (NYSE:CARR) Receives $73.67 Average Target Price from Brokerages

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

CARR has been the topic of several research reports. Citigroup boosted their price target on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Wolfe Research reiterated an “outperform” rating and issued a $80.00 price objective on shares of Carrier Global in a research note on Thursday, July 9th. Sanford C. Bernstein reissued a “market perform” rating and set a $78.00 target price on shares of Carrier Global in a report on Thursday, July 30th. Argus increased their target price on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley raised their price target on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Torren Management LLC purchased a new stake in shares of Carrier Global in the fourth quarter worth about $25,000. Johnson Financial Group Inc. purchased a new position in Carrier Global during the second quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new position in Carrier Global during the second quarter valued at approximately $26,000. Financial Management Professionals Inc. increased its holdings in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after acquiring an additional 225 shares during the period. Finally, Garton & Associates Financial Advisors LLC bought a new stake in Carrier Global during the 4th quarter worth approximately $33,000. Institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Down 1.6%

CARR stock opened at $57.28 on Wednesday. The stock has a fifty day moving average of $65.61 and a 200-day moving average of $63.85. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The company has a market capitalization of $47.22 billion, a price-to-earnings ratio of 39.78, a PEG ratio of 2.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 1.02.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.02 billion. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, equities research analysts predict that Carrier Global will post 2.87 earnings per share for the current year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 21st were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, July 21st. Carrier Global’s payout ratio is presently 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.