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

Shares of Carrier Global Corporation (NYSE:CARR) have earned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are presently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $73.2516.

CARR has been the subject of a number of research reports. Morgan Stanley lifted their target price on Carrier Global from $55.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Barclays raised their price target on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Argus lifted their price objective on shares of Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company increased their target price on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st.

Carrier Global Stock Performance

Shares of NYSE CARR traded down $2.20 during trading hours on Tuesday, reaching $67.90. 555,992 shares of the stock were exchanged, compared to its average volume of 6,970,717. The firm has a market capitalization of $56.40 billion, a price-to-earnings ratio of 44.59, a P/E/G ratio of 2.81 and a beta of 1.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. Carrier Global has a 52 week low of $50.24 and a 52 week high of $81.09. The stock’s fifty day simple moving average is $67.36 and its 200 day simple moving average is $61.61.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.01 billion. During the same period in the previous year, the company posted $0.65 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. 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 EPS for the current year.

Carrier Global Dividend Announcement

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

Hedge Funds Weigh In On Carrier Global

Hedge funds have recently added to or reduced their stakes in the stock. KERR FINANCIAL PLANNING Corp acquired a new position in Carrier Global in the 3rd quarter valued at $25,000. Torren Management LLC acquired a new stake in shares of Carrier Global during the 4th quarter worth $25,000. YANKCOM Partnership grew 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 purchasing an additional 208 shares in the last quarter. True Wealth Design LLC increased its position in shares of Carrier Global by 723.7% in the fourth quarter. True Wealth Design LLC now owns 486 shares of the company’s stock worth $26,000 after purchasing an additional 427 shares during the period. Finally, Global Wealth Strategies & Associates increased its position in shares of Carrier Global by 150.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock worth $26,000 after purchasing an additional 300 shares during the period. Institutional investors own 91.00% of the company’s stock.

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.