Carrier Global (NYSE:CARR) Price Target Raised to $73.00

Carrier Global (NYSE:CARR) had its price target raised by Rothschild & Co Redburn from $61.00 to $73.00 in a report issued on Tuesday,MarketScreener reports. The firm currently has a neutral rating on the stock.

A number of other research analysts also recently commented on CARR. UBS Group dropped their price objective on Carrier Global from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, January 5th. The Goldman Sachs Group increased their price objective on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Morgan Stanley set a $55.00 price objective on Carrier Global in a report on Thursday, January 8th. BNP Paribas Exane initiated coverage on Carrier Global in a report on Tuesday, April 14th. They issued a “neutral” rating and a $62.00 price objective on the stock. Finally, CICC Research dropped their price objective on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Thirteen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.14.

Carrier Global Price Performance

Shares of NYSE CARR opened at $67.19 on Tuesday. The stock’s 50-day moving average is $59.91 and its two-hundred day moving average is $57.93. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.05 and a quick ratio of 0.75. Carrier Global has a 1-year low of $50.24 and a 1-year high of $81.09. The company has a market cap of $55.81 billion, a price-to-earnings ratio of 44.20, a price-to-earnings-growth ratio of 2.71 and a beta of 1.38.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 earnings per share 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 company had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.01 billion. During the same quarter in the prior year, the business earned $0.65 EPS. 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. Analysts forecast that Carrier Global will post 2.8 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, May 4th. Carrier Global’s dividend payout ratio (DPR) is presently 63.16%.

Institutional Trading of Carrier Global

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

Carrier Global News Roundup

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

• Positive Sentiment: Carrier laid the foundation for a ?1,000 crore (~$1B) AC manufacturing and export hub in Sri City, Andhra Pradesh; management says the site leverages port access to serve exports and scale India as a manufacturing base, supporting medium?term revenue expansion. Read More.
• Positive Sentiment: Rothschild & Co Redburn raised its price target on CARR to $73, a sign of improved sell?side sentiment that can provide support for the stock if execution continues. Read More.
• Positive Sentiment: Argus published a bullish outlook calling for strong price appreciation for Carrier, reinforcing momentum from analyst upgrades and the company’s growth narrative. Read More.
• Neutral Sentiment: Investors continue to dig into the Q1 earnings call (including analyst questions on margins, supply chain and demand), which confirmed a revenue beat and stable FY guidance — useful for modeling but not a new catalyst. Read More.
• Negative Sentiment: The ?1,000 crore investment (reported as part of a broader ~$1B India push) raises near?term capex and execution risk — investors may be worried about timing of returns, potential incremental working capital or supply?chain hiccups as the plant ramps. Read More.

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.