Carrier Global (NYSE:CARR) Price Target Raised to $74.00

Carrier Global (NYSE:CARR) had its price target raised by Royal Bank Of Canada from $70.00 to $74.00 in a report issued on Friday, MarketBeat reports. They currently have an outperform rating on the stock.

Other equities research analysts have also issued reports about the stock. Rothschild & Co Redburn lowered their target price on shares of Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 21st. Oppenheimer reaffirmed a “market perform” rating on shares of Carrier Global in a report on Wednesday, October 29th. Wolfe Research dropped their price objective on Carrier Global from $74.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, January 15th. The Goldman Sachs Group boosted their price objective on Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a research report on Friday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Carrier Global in a research report on Monday, December 29th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $70.56.

Carrier Global Price Performance

Shares of NYSE CARR opened at $63.98 on Friday. The stock has a market capitalization of $53.88 billion, a price-to-earnings ratio of 37.42, a PEG ratio of 2.63 and a beta of 1.33. Carrier Global has a 12 month low of $50.24 and a 12 month high of $81.09. The firm’s 50 day simple moving average is $55.44 and its 200-day simple moving average is $59.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The business’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Analysts expect that Carrier Global will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 9th. Shareholders of record on Tuesday, January 20th will be paid a dividend of $0.24 per share. This is a boost from Carrier Global’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s dividend payout ratio is presently 56.14%.

Carrier Global announced that its Board of Directors has initiated a stock repurchase program on Tuesday, October 28th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On Carrier Global

A number of institutional investors and hedge funds have recently bought and sold shares of CARR. AdvisorShares Investments LLC purchased a new stake in shares of Carrier Global during the 2nd quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Carrier Global in the second quarter valued at $26,000. Winnow Wealth LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at $26,000. Traub Capital Management LLC acquired a new position in shares of Carrier Global in the 2nd quarter valued at $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of Carrier Global during the 3rd quarter worth $25,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global News Summary

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.