Carrier Global Corporation (NYSE:CARR) Receives $73.25 Consensus Price Target from Analysts

Carrier Global Corporation (NYSE:CARR) has been given a consensus recommendation of “Moderate Buy” by the twenty-two research firms that are covering the stock, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $73.4621.

Several equities research analysts recently commented on CARR shares. Barclays boosted their price target on shares of Carrier Global from $67.00 to $79.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Citigroup boosted their price objective on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Sanford C. Bernstein initiated coverage on Carrier Global in a research report on Tuesday, June 9th. They set a “market perform” rating and a $75.00 price target for the company. Finally, Weiss Ratings raised shares of Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd.

Hedge Funds Weigh In On Carrier Global

A number of institutional investors have recently added to or reduced their stakes in CARR. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Carrier Global during the 3rd quarter worth $25,000. YANKCOM Partnership raised its stake in Carrier Global by 78.5% during the fourth quarter. YANKCOM Partnership now owns 473 shares of the company’s stock worth $25,000 after purchasing an additional 208 shares during the period. Torren Management LLC acquired a new position in Carrier Global in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates grew its stake in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after buying an additional 300 shares during the period. Finally, True Wealth Design LLC raised its position in shares of Carrier Global by 723.7% during the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after buying an additional 427 shares during the period. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

Shares of NYSE CARR traded up $1.60 during midday trading on Tuesday, reaching $69.41. 5,640,872 shares of the stock were exchanged, compared to its average volume of 5,006,579. Carrier Global has a twelve month low of $50.24 and a twelve month high of $81.09. The company has a quick ratio of 0.75, a current ratio of 1.05 and a debt-to-equity ratio of 0.76. The firm has a 50-day simple moving average of $68.04 and a two-hundred day simple moving average of $62.09. The firm has a market cap of $57.65 billion, a price-to-earnings ratio of 45.67, a PEG ratio of 2.78 and a beta of 1.31.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.06. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, analysts anticipate that Carrier Global will post 2.79 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Tuesday, July 21st will be issued a dividend of $0.24 per share. 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 currently 63.16%.

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.