Carrier Global (NYSE:CARR) Price Target Raised to $84.00

Carrier Global (NYSE:CARR) had its price target hoisted by Barclays from $83.00 to $84.00 in a report published on Wednesday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

CARR has been the subject of a number of other reports. Citigroup lowered their target price on shares of Carrier Global from $89.00 to $72.00 and set a “buy” rating for the company in a report on Monday, April 14th. Mizuho set a $72.00 target price on Carrier Global in a research report on Tuesday, April 22nd. Wolfe Research raised Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price target for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. cut their price objective on Carrier Global from $78.00 to $64.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price objective on Carrier Global from $65.00 to $75.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Carrier Global currently has an average rating of “Moderate Buy” and an average target price of $81.53.

Carrier Global Trading Up 1.3 %

Carrier Global stock opened at $71.44 on Wednesday. The stock has a market cap of $61.25 billion, a PE ratio of 11.38, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $63.72 and a 200 day moving average price of $68.02. Carrier Global has a 52 week low of $54.22 and a 52 week high of $83.32.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities research analysts predict that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued a $0.225 dividend. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.26%. Carrier Global’s dividend payout ratio is currently 13.93%.

Institutional Trading of Carrier Global

Several large investors have recently modified their holdings of the business. BOK Financial Private Wealth Inc. grew its holdings in Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE lifted its position in shares of Carrier Global by 90.0% during the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 180 shares during the last quarter. Park Square Financial Group LLC acquired a new position in Carrier Global in the fourth quarter worth about $28,000. Investment Research & Advisory Group Inc. bought a new stake in Carrier Global in the first quarter valued at about $29,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new position in Carrier Global during the 4th quarter worth approximately $31,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

About Carrier Global

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.