Analysts Set Carrier Global Corporation (NYSE:CARR) Target Price at $73.67

Carrier Global Corporation (NYSE:CARR) has received an average rating of “Moderate Buy” from the twenty-two ratings firms that are covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $73.6726.

CARR has been the subject of several research reports. Barclays raised their price objective on shares of Carrier Global from $67.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. The Goldman Sachs Group increased their target price on shares of Carrier Global from $74.00 to $80.00 in a research note on Friday, May 1st. Wells Fargo & Company raised their target price on shares of Carrier Global from $58.00 to $71.00 in a report on Friday, May 1st. Royal Bank Of Canada lifted their price target on shares of Carrier Global from $71.00 to $81.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, Robert W. Baird upped their price target on Carrier Global from $70.00 to $75.00 in a report on Friday, May 1st.

Institutional Investors Weigh In On Carrier Global

Institutional investors and hedge funds have recently modified their holdings of the stock. YANKCOM Partnership boosted its position 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 purchasing an additional 208 shares during the period. Torren Management LLC acquired a new stake in Carrier Global during the 4th quarter worth about $25,000. Financial Management Professionals Inc. raised its holdings in Carrier Global by 142.4% during the 2nd quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock worth $28,000 after buying an additional 225 shares during the period. Garton & Associates Financial Advisors LLC purchased a new stake in Carrier Global during the fourth quarter valued at about $33,000. Finally, Signature Equity Partners LLC lifted its stake in Carrier Global by 449.2% during the first quarter. Signature Equity Partners LLC now owns 648 shares of the company’s stock valued at $36,000 after buying an additional 530 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Trading Up 2.3%

Shares of Carrier Global stock opened at $63.21 on Friday. The business has a fifty day simple moving average of $68.52 and a 200-day simple moving average of $63.59. Carrier Global has a fifty-two week low of $50.24 and a fifty-two week high of $76.76. The firm has a market cap of $52.11 billion, a price-to-earnings ratio of 43.90, a price-to-earnings-growth ratio of 2.39 and a beta of 1.31. The company has a quick ratio of 0.72, a current ratio of 1.02 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR) last released its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.04. Carrier Global had a return on equity of 14.68% and a net margin of 5.52%.The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the company earned $0.92 earnings per share. Carrier Global’s revenue was up 3.9% compared to the same quarter last year. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. On average, equities analysts forecast that Carrier Global will post 2.88 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Stockholders 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 dividend yield of 1.5%. Carrier Global’s dividend payout ratio (DPR) is currently 66.67%.

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.