Mizuho Issues Positive Forecast for Carrier Global (NYSE:CARR) Stock Price

Carrier Global (NYSE:CARR) had its price target hoisted by Mizuho from $67.00 to $75.00 in a research note issued to investors on Friday morning,MarketScreener reports.

Other analysts have also issued reports about the company. CICC Research dropped their price target on Carrier Global from $76.85 to $69.78 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Argus lifted their price target on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, February 9th. Wells Fargo & Company dropped their price target on Carrier Global from $65.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 1st. Evercore initiated coverage on Carrier Global in a report on Monday, April 13th. They set an “outperform” rating and a $75.00 price target on the stock. Finally, Morgan Stanley set a $55.00 price target on Carrier Global in a report on Thursday, January 8th. Thirteen analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $73.39.

Carrier Global Stock Performance

Carrier Global stock traded up $0.57 during mid-day trading on Friday, reaching $67.74. 7,348,556 shares of the company’s stock were exchanged, compared to its average volume of 6,780,448. The business’s fifty day simple moving average is $59.74 and its 200 day simple moving average is $57.72. The firm has a market capitalization of $56.59 billion, a PE ratio of 39.61, a P/E/G ratio of 2.68 and a beta of 1.38. Carrier Global has a one year low of $50.24 and a one year high of $81.09. The company has a quick ratio of 0.85, a current ratio of 1.05 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business 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 quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. On average, sell-side analysts expect that Carrier Global will post 2.8 earnings per share for the current year.

Carrier Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Monday, May 4th will be given a $0.24 dividend. 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 currently 63.16%.

Hedge Funds Weigh In On Carrier Global

Hedge funds have recently made changes to their positions in the stock. Spirepoint Private Client LLC grew its position in shares of Carrier Global by 547.7% in the third quarter. Spirepoint Private Client LLC now owns 60,694 shares of the company’s stock valued at $3,623,000 after purchasing an additional 51,324 shares in the last quarter. Becker Capital Management Inc. grew its position in shares of Carrier Global by 5.6% in the third quarter. Becker Capital Management Inc. now owns 425,547 shares of the company’s stock valued at $25,405,000 after purchasing an additional 22,377 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Carrier Global by 6.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,127,670 shares of the company’s stock valued at $59,586,000 after purchasing an additional 72,906 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in shares of Carrier Global in the fourth quarter valued at $1,556,000. Finally, Meitav Investment House Ltd. grew its position in shares of Carrier Global by 79.5% in the third quarter. Meitav Investment House Ltd. now owns 364,653 shares of the company’s stock valued at $21,770,000 after purchasing an additional 161,513 shares in the last quarter. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Carrier Global

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.