Carrier Global (NYSE:CARR) Given New $71.00 Price Target at Wells Fargo & Company

Carrier Global (NYSE:CARR) had its price target upped by Wells Fargo & Company from $58.00 to $71.00 in a research note published on Friday morning,MarketScreener reports.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. boosted their target price on Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. UBS Group cut their target price on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, January 5th. Mizuho boosted their target price on Carrier Global from $67.00 to $75.00 in a research report on Friday. Zacks Research raised Carrier Global from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Royal Bank Of Canada boosted their target price on Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday. Thirteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Carrier Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.39.

Carrier Global Trading Up 0.8%

Shares of Carrier Global stock traded up $0.57 on Friday, reaching $67.74. 7,348,556 shares of the company were exchanged, compared to its average volume of 6,780,448. The stock has a fifty day moving average price of $59.74 and a 200-day moving average price of $57.72. The firm has a market capitalization of $56.59 billion, a price-to-earnings ratio of 39.61, a price-to-earnings-growth ratio of 2.68 and a beta of 1.38. The company has a current ratio of 1.05, a quick ratio of 0.85 and a debt-to-equity ratio of 0.76. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $81.09.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.Carrier Global’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, analysts expect that Carrier Global will post 2.8 EPS for the current year.

Carrier Global Announces Dividend

The firm also recently declared 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 yield of 1.4%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global’s payout ratio is presently 63.16%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Valmark Advisers Inc. raised its position in Carrier Global by 17.0% during the first quarter. Valmark Advisers Inc. now owns 4,724 shares of the company’s stock valued at $266,000 after buying an additional 686 shares during the period. Cullinan Associates Inc. raised its position in Carrier Global by 218.9% during the first quarter. Cullinan Associates Inc. now owns 28,700 shares of the company’s stock valued at $1,616,000 after buying an additional 19,700 shares during the period. Fifth Third Bancorp increased its position in Carrier Global by 319.7% in the 1st quarter. Fifth Third Bancorp now owns 436,636 shares of the company’s stock worth $24,587,000 after purchasing an additional 332,590 shares during the last quarter. Candriam S.C.A. increased its position in Carrier Global by 194.1% in the 1st quarter. Candriam S.C.A. now owns 203,948 shares of the company’s stock worth $11,484,000 after purchasing an additional 134,590 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Carrier Global by 4.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 31,069 shares of the company’s stock worth $1,749,000 after purchasing an additional 1,320 shares during the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global News Summary

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

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.