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

Shares of Carrier Global Corporation (NYSE:CARR) have received an average recommendation of “Moderate Buy” from the twenty-three research firms that are covering the company, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $74.0890.

CARR has been the topic of several research reports. Mizuho boosted their price target on shares of Carrier Global from $67.00 to $75.00 in a research report on Friday, May 1st. Evercore boosted their price target on shares of Carrier Global from $75.00 to $85.00 in a research report on Friday, May 1st. Wells Fargo & Company boosted their price target on shares of Carrier Global from $58.00 to $71.00 in a research report on Friday, May 1st. Citigroup boosted their price target on shares of Carrier Global from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of Carrier Global from $71.00 to $81.00 and gave the company an “outperform” rating in a research note on Friday, May 1st.

Hedge Funds Weigh In On Carrier Global

Several hedge funds have recently bought and sold shares of CARR. KERR FINANCIAL PLANNING Corp purchased a new position in Carrier Global during the third quarter valued at approximately $25,000. YANKCOM Partnership raised its holdings in shares of Carrier Global by 78.5% in the 4th quarter. YANKCOM Partnership now owns 473 shares of the company’s stock valued at $25,000 after acquiring an additional 208 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Carrier Global in the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates raised its holdings in shares of Carrier Global by 150.0% in the 4th quarter. Global Wealth Strategies & Associates now owns 500 shares of the company’s stock valued at $26,000 after acquiring an additional 300 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in shares of Carrier Global by 723.7% in the 4th quarter. True Wealth Design LLC now owns 486 shares of the company’s stock valued at $26,000 after acquiring an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 91.00% of the company’s stock.

Carrier Global Stock Performance

NYSE CARR opened at $71.21 on Friday. The company’s 50 day moving average is $64.32 and its 200-day moving average is $59.93. Carrier Global has a 12-month low of $50.24 and a 12-month high of $81.09. 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 firm has a market cap of $59.15 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 2.85 and a beta of 1.34.

Carrier Global (NYSE:CARR) last posted 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. Carrier Global had a net margin of 5.99% and a return on equity of 14.81%. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts predict that Carrier Global will post 2.78 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 21st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $0.96 annualized dividend and a yield of 1.3%. Carrier Global’s payout ratio is currently 63.16%.

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.