Carrier Global Corporation (NYSE:CARR) Receives $73.78 Consensus Target Price from Brokerages

Shares of Carrier Global Corporation (NYSE:CARR) have been assigned an average recommendation of “Moderate Buy” from the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $73.7779.

CARR has been the topic of several recent research reports. Citigroup lifted their target price on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 1st. Wolfe Research lifted their target price on shares of Carrier Global from $75.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Rothschild & Co Redburn lifted their target price on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Barclays lifted their target price on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, BNP Paribas Exane initiated coverage on shares of Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price on the stock.

Hedge Funds Weigh In On Carrier Global

A number of institutional investors have recently added to or reduced their stakes in the company. Summitry LLC lifted its holdings in Carrier Global by 43.3% in the 1st quarter. Summitry LLC now owns 1,419,812 shares of the company’s stock worth $79,950,000 after buying an additional 429,060 shares in the last quarter. CTC Alternative Strategies Ltd. acquired a new position in Carrier Global in the 1st quarter worth $349,000. Arete Wealth Advisors LLC lifted its holdings in Carrier Global by 2.1% in the 1st quarter. Arete Wealth Advisors LLC now owns 42,021 shares of the company’s stock worth $2,366,000 after buying an additional 869 shares in the last quarter. FinArc Investments Inc. acquired a new position in Carrier Global in the 1st quarter worth $2,129,000. Finally, Western Wealth Management LLC lifted its holdings in Carrier Global by 12.7% in the 1st quarter. Western Wealth Management LLC now owns 5,975 shares of the company’s stock worth $336,000 after buying an additional 674 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE:CARR opened at $63.19 on Monday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $52.49 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.47 and a beta of 1.38. The firm’s fifty day simple moving average is $60.72 and its 200 day simple moving average is $58.40. Carrier Global has a twelve month low of $50.24 and a twelve month high of $81.09.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts expect that Carrier Global will post 2.8 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 4th were issued a $0.24 dividend. The ex-dividend date was Monday, May 4th. This represents a $0.96 dividend on an annualized basis and a yield of 1.5%. Carrier Global’s payout ratio is currently 63.16%.

Carrier Global Company Profile

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.