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

Carrier Global Corporation (NYSE:CARR) has received an average recommendation of “Moderate Buy” from the twenty-three analysts that are covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $74.0890.

A number of equities research analysts have issued reports on the company. Robert W. Baird upped their target price on Carrier Global from $70.00 to $75.00 in a research report on Friday, May 1st. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Mizuho upped their target price on Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Royal Bank Of Canada upped their target price on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Citigroup upped their target price on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 1st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Aigen Investment Management LP lifted its holdings in shares of Carrier Global by 0.3% during the fourth quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after buying an additional 166 shares during the last quarter. Advisory Alpha LLC lifted its holdings in shares of Carrier Global by 2.9% during the fourth quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after buying an additional 171 shares during the last quarter. Texas Bank & Trust Co lifted its holdings in shares of Carrier Global by 1.3% during the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after buying an additional 175 shares during the last quarter. Advisor OS LLC lifted its holdings in shares of Carrier Global by 0.8% during the fourth quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after buying an additional 178 shares during the last quarter. Finally, Personal CFO Solutions LLC lifted its holdings in shares of Carrier Global by 0.7% during the first quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock worth $1,389,000 after buying an additional 181 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Up 2.7%

Shares of Carrier Global stock opened at $69.78 on Friday. The stock has a market capitalization of $57.96 billion, a P/E ratio of 45.91, a PEG ratio of 2.73 and a beta of 1.34. 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 stock has a 50 day moving average price of $63.44 and a two-hundred day moving average price of $59.56. Carrier Global has a 12-month low of $50.24 and a 12-month high of $81.09.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The firm had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities analysts expect that Carrier Global will post 2.78 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Tuesday, July 21st. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.4%. Carrier Global’s payout ratio is 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.