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

Carrier Global (NYSE:CARR) had its target price hoisted by Wolfe Research from $71.00 to $74.00 in a research report sent to investors on Friday morning,MarketScreener reports. The firm currently has an outperform rating on the stock.

A number of other research analysts have also weighed in on CARR. Mizuho decreased their target price on Carrier Global from $75.00 to $67.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Barclays reduced their target price on shares of Carrier Global from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. The Goldman Sachs Group increased their price target on shares of Carrier Global from $68.00 to $74.00 and gave the company a “buy” rating in a report on Friday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Zacks Research lowered Carrier Global from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Twelve analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Carrier Global currently has a consensus rating of “Moderate Buy” and an average target price of $70.82.

Carrier Global Stock Up 2.7%

CARR stock traded up $1.67 during midday trading on Friday, hitting $64.43. The company’s stock had a trading volume of 7,534,272 shares, compared to its average volume of 7,579,567. The stock has a market capitalization of $53.85 billion, a P/E ratio of 37.68, a PEG ratio of 2.52 and a beta of 1.33. Carrier Global has a twelve month low of $50.24 and a twelve month high of $81.09. The company’s fifty day moving average price is $58.74 and its 200 day moving average price is $58.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.20 and a quick ratio of 0.85.

Carrier Global (NYSE:CARR) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The company had revenue of $4.84 billion during the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a net margin of 6.82% and a return on equity of 15.30%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. As a group, equities research analysts predict that Carrier Global will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 9th. Stockholders of record on Tuesday, January 20th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This is an increase from Carrier Global’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.5%. Carrier Global’s payout ratio is 56.14%.

Institutional Trading of Carrier Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Transatlantique SA lifted its holdings in Carrier Global by 2.0% during the 4th quarter. Banque Transatlantique SA now owns 14,993 shares of the company’s stock worth $792,000 after buying an additional 296 shares during the period. MidFirst Bank bought a new position in shares of Carrier Global during the fourth quarter worth about $71,000. Pacer Advisors Inc. raised its position in shares of Carrier Global by 20.8% during the fourth quarter. Pacer Advisors Inc. now owns 147,481 shares of the company’s stock worth $7,793,000 after acquiring an additional 25,400 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Carrier Global in the fourth quarter worth approximately $1,639,000. Finally, MV Capital Management Inc. bought a new stake in Carrier Global in the fourth quarter valued at approximately $114,000. 91.00% of the stock is currently owned by institutional investors and hedge funds.

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.