Carrier Global Corporation (NYSE:CARR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Carrier Global Corporation (NYSE:CARR) has received a consensus rating of “Moderate Buy” from the twenty-two research firms that are covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $73.5147.

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a report on Friday, May 1st. Morgan Stanley lifted their price objective on shares of Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, May 28th. Wolfe Research restated an “outperform” rating and set a $80.00 price objective on shares of Carrier Global in a research note on Thursday. The Goldman Sachs Group upped their target price on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Finally, Rothschild & Co Redburn raised their target price on shares of Carrier Global from $61.00 to $73.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th.

Carrier Global Price Performance

NYSE:CARR opened at $68.64 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.75 and a current ratio of 1.05. The stock’s 50-day simple moving average is $68.07 and its 200 day simple moving average is $62.26. The company has a market cap of $57.01 billion, a P/E ratio of 45.16, a P/E/G ratio of 2.78 and a beta of 1.31. Carrier Global has a 52-week low of $50.24 and a 52-week high of $81.09.

Carrier Global (NYSE:CARR) last released 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 return on equity of 14.81% and a net margin of 5.99%.The business had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the prior year, the company posted $0.65 earnings per share. Carrier Global’s revenue 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, sell-side analysts forecast that Carrier Global will post 2.79 EPS for the current fiscal year.

Carrier Global Dividend Announcement

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

Institutional Trading of Carrier Global

A number of hedge funds have recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in 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 purchasing an additional 1,850 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Carrier Global by 51.5% in the first quarter. AQR Capital Management LLC now owns 68,225 shares of the company’s stock valued at $4,236,000 after purchasing an additional 23,200 shares during the last quarter. United Bank increased its holdings in shares of Carrier Global by 41.2% in the second quarter. United Bank now owns 16,991 shares of the company’s stock valued at $1,244,000 after purchasing an additional 4,956 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Carrier Global by 33.7% in the second quarter. Schnieders Capital Management LLC. now owns 16,967 shares of the company’s stock valued at $1,242,000 after purchasing an additional 4,277 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of Carrier Global by 6.0% in the second quarter. Guggenheim Capital LLC now owns 9,903 shares of the company’s stock valued at $725,000 after purchasing an additional 561 shares during the period. 91.00% of the stock is owned by institutional investors and hedge funds.

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.