Carrier Global (NYSE:CARR) Rating Increased to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Carrier Global (NYSE:CARR) to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

CARR has been the subject of a number of other research reports. BNP Paribas Exane initiated coverage on Carrier Global in a report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price for the company. Evercore increased their price objective on Carrier Global from $75.00 to $85.00 in a report on Friday, May 1st. Citigroup increased their price objective on Carrier Global from $72.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Royal Bank Of Canada increased their price objective on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Finally, Argus increased their price objective on Carrier Global from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Twelve research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.09.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $68.05 on Tuesday. 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 company has a market cap of $56.52 billion, a PE ratio of 44.77, a P/E/G ratio of 2.86 and a beta of 1.34. The business has a 50 day moving average of $63.17 and a 200 day moving average of $59.44. Carrier Global has a 52 week low of $50.24 and a 52 week high of $81.09.

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

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Institutional Investors Weigh In On Carrier Global

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Carrier Global by 30.3% during the 4th quarter. Brighton Jones LLC now owns 7,958 shares of the company’s stock valued at $543,000 after buying an additional 1,850 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Carrier Global by 51.5% during the 1st quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after buying an additional 23,200 shares in the last quarter. United Bank lifted its position in shares of Carrier Global by 41.2% during the 2nd quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after buying an additional 4,956 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Carrier Global by 33.7% during the 2nd quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after buying an additional 4,277 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its position in shares of Carrier Global by 6.0% during the 2nd quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after buying an additional 561 shares in the last quarter. 91.00% of the stock is currently owned by institutional investors.

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.