Carrier Global Co. (NYSE:CARR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Carrier Global Co. (NYSE:CARR) have received a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $62.00.

Several equities research analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup lifted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company lifted their price objective on Carrier Global from $59.00 to $66.00 and gave the company an “equal weight” rating in a report on Friday. Oppenheimer boosted their target price on shares of Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Royal Bank of Canada reduced their target price on shares of Carrier Global from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, February 7th.

Insider Transactions at Carrier Global

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the transaction, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Corporate insiders own 6.95% of the company’s stock.

Institutional Trading of Carrier Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Avior Wealth Management LLC grew its position in Carrier Global by 41.2% in the 3rd quarter. Avior Wealth Management LLC now owns 983 shares of the company’s stock valued at $54,000 after acquiring an additional 287 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in Carrier Global by 1.9% in the third quarter. Asset Management One Co. Ltd. now owns 430,095 shares of the company’s stock valued at $23,741,000 after buying an additional 7,984 shares during the last quarter. Simplicity Solutions LLC increased its holdings in shares of Carrier Global by 5.6% in the third quarter. Simplicity Solutions LLC now owns 29,604 shares of the company’s stock valued at $1,634,000 after purchasing an additional 1,565 shares during the period. Ballentine Partners LLC increased its holdings in shares of Carrier Global by 4.2% in the third quarter. Ballentine Partners LLC now owns 7,318 shares of the company’s stock valued at $404,000 after purchasing an additional 298 shares during the period. Finally, Valeo Financial Advisors LLC grew its holdings in Carrier Global by 5.8% during the third quarter. Valeo Financial Advisors LLC now owns 10,586 shares of the company’s stock worth $584,000 after acquiring an additional 584 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $60.50 on Friday. The firm’s 50 day moving average price is $56.54 and its 200-day moving average price is $54.83. Carrier Global has a twelve month low of $40.28 and a twelve month high of $60.87. The company has a quick ratio of 2.40, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $54.46 billion, a PE ratio of 42.31, a price-to-earnings-growth ratio of 2.50 and a beta of 1.39.

Carrier Global (NYSE:CARR) last released its earnings results on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The company had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. Equities research analysts expect that Carrier Global will post 2.84 EPS for the current year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be given a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a yield of 1.26%. Carrier Global’s dividend payout ratio is presently 53.15%.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.