Carrier Global (NYSE:CARR) Given New $80.00 Price Target at The Goldman Sachs Group

Carrier Global (NYSE:CARR) had its price objective upped by The Goldman Sachs Group from $74.00 to $80.00 in a report published on Friday,MarketScreener reports.

A number of other analysts also recently weighed in on the company. Morgan Stanley set a $55.00 target price on Carrier Global in a research report on Thursday, January 8th. JPMorgan Chase & Co. upped their target price on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. CICC Research cut their target price on Carrier Global from $76.85 to $69.78 and set an “outperform” rating for the company in a research report on Wednesday, February 11th. BNP Paribas Exane began coverage on Carrier Global in a research report on Tuesday, April 14th. They set a “neutral” rating and a $62.00 target price for the company. Finally, Evercore began coverage on Carrier Global in a research report on Monday, April 13th. They set an “outperform” rating and a $75.00 target price for the company. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.39.

Carrier Global Stock Performance

CARR traded up $0.57 during trading on Friday, hitting $67.74. The stock had a trading volume of 7,348,556 shares, compared to its average volume of 6,780,448. The company has a 50 day moving average price of $59.74 and a 200-day moving average price of $57.72. The firm has a market cap of $56.59 billion, a price-to-earnings ratio of 39.61, a P/E/G ratio of 2.68 and a beta of 1.38. Carrier Global has a one year low of $50.24 and a one year high of $81.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.85.

Carrier Global (NYSE:CARR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The business 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 quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, research analysts predict that Carrier Global will post 2.8 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be given 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 Monday, May 4th. Carrier Global’s dividend payout ratio is currently 63.16%.

Institutional Trading of Carrier Global

Several institutional investors and hedge funds have recently modified their holdings of the business. Capital International Investors lifted its position in shares of Carrier Global by 6.7% during the 3rd quarter. Capital International Investors now owns 57,982,302 shares of the company’s stock worth $3,461,142,000 after buying an additional 3,630,524 shares during the last quarter. State Street Corp lifted its position in shares of Carrier Global by 1.1% during the 4th quarter. State Street Corp now owns 33,728,829 shares of the company’s stock worth $1,782,231,000 after buying an additional 351,490 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Carrier Global by 0.6% during the 3rd quarter. Fisher Asset Management LLC now owns 15,139,140 shares of the company’s stock worth $903,807,000 after buying an additional 90,585 shares during the last quarter. Dodge & Cox lifted its position in shares of Carrier Global by 5.1% during the 3rd quarter. Dodge & Cox now owns 13,427,697 shares of the company’s stock worth $801,634,000 after buying an additional 651,648 shares during the last quarter. Finally, Morgan Stanley lifted its position in shares of Carrier Global by 1.8% during the 4th quarter. Morgan Stanley now owns 11,757,449 shares of the company’s stock worth $621,264,000 after buying an additional 210,952 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Key Headlines Impacting Carrier Global

Here are the key news stories impacting Carrier Global this week:

• Positive Sentiment: Q1 beat and upbeat outlook — Carrier reported adjusted EPS $0.57 vs. $0.51 consensus and revenue $5.34B vs. $5.01B estimate; management reaffirmed FY?26 adjusted EPS $2.80 and ~$22B sales while saying backlog fully covers expected 2026 data?center sales. These results and the guidance re?affirmation are the main drivers lifting the stock. PR Newswire: Carrier Reports First Quarter 2026 Results
• Positive Sentiment: Data?center and Commercial HVAC momentum — Carrier highlighted data?center orders up over 500% and Commercial HVAC orders +35%, with total company orders +11%, signaling durable demand in higher?margin segments. Seeking Alpha: Data?center demand story
• Positive Sentiment: Analyst upgrades and price?target increases — Multiple firms raised targets (examples: Evercore to $85, RBC to $81, Goldman to $80, Citi to $79, others), reinforcing bullish sentiment and providing fresh buy?side interest. Benzinga: Analysts boost forecasts
• Positive Sentiment: Shareholder returns — Company returned about $500M in the quarter through dividends and repurchases, which supports valuation and investor confidence. PR Newswire: Capital returns
• Neutral Sentiment: Management commentary and detail — The earnings?call transcript and slide deck provide color on product mix, backlog and timing for data?center revenue; useful for confirming sustainability but not an immediate catalyst by itself. Seeking Alpha: Q1 call transcript
• Positive Sentiment: Insider buy — CEO David Gitlin bought shares recently, a signal some investors view as management confidence in the outlook. QuiverQuant: Insider activity
• Negative Sentiment: Cash conversion and organic trends — Operating cash flow was $79M and free cash flow was negative (~$15M) in the quarter; organic sales were down ~1% and GAAP EPS ($0.28) lagged the prior year, which could temper enthusiasm if cash conversion and organic growth don’t improve. PR Newswire: Financial details

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.