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

Shares of Carrier Global Corporation (NYSE:CARR) have received an average rating of “Moderate Buy” from the twenty-two brokerages that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $73.6726.

CARR has been the subject of a number of research analyst reports. Zacks Research raised Carrier Global from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Royal Bank Of Canada lifted their target price on Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Robert W. Baird boosted their target price on Carrier Global from $70.00 to $75.00 in a research note on Friday, May 1st. Finally, The Goldman Sachs Group increased their target price on shares of Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st.

Institutional Trading of Carrier Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in shares of Carrier Global in the second quarter worth approximately $590,759,000. Norges Bank acquired a new stake in Carrier Global during the 4th quarter valued at approximately $380,299,000. Deutsche Bank AG bought a new position in Carrier Global during the 2nd quarter worth approximately $166,165,000. Ontario Teachers Pension Plan Board bought a new position in Carrier Global during the 4th quarter worth approximately $99,839,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Carrier Global in the 2nd quarter worth approximately $136,714,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Trading Up 0.1%

Shares of CARR stock opened at $64.01 on Friday. The stock has a market cap of $52.77 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 2.48 and a beta of 1.31. Carrier Global has a 1 year low of $50.24 and a 1 year high of $76.76. The company has a current ratio of 1.02, a quick ratio of 0.72 and a debt-to-equity ratio of 0.77. The stock has a 50 day simple moving average of $68.56 and a 200 day simple moving average of $63.79.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.82 by $0.04. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.92 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, research analysts predict that Carrier Global will post 2.88 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, July 21st. Carrier Global’s payout ratio is 66.67%.

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.