Carrier Global Corporation (NYSE:CARR) Stock Rated “Moderate Buy” by Sell-Side Analysts

Carrier Global Corporation (NYSE:CARR) has received an average rating of “Moderate Buy” from the twenty-one brokerages that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $70.43.

CARR has been the topic of a number of recent analyst reports. Zacks Research lowered shares of Carrier Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Carrier Global in a report on Friday, October 16th. JPMorgan Chase & Co. initiated coverage on Carrier Global in a research report on Friday, October 9th. They issued a “neutral” rating and a $61.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on Carrier Global from $71.00 to $64.00 and set a “hold” rating for the company in a research note on Wednesday, September 30th. Finally, Citigroup boosted their price target on Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, July 13th.

Institutional Trading of Carrier Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pinnacle Bancorp Inc. raised its position in Carrier Global by 44.3% during the third quarter. Pinnacle Bancorp Inc. now owns 2,145 shares of the company’s stock valued at $118,000 after acquiring an additional 658 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its position in Carrier Global by 14.2% during the third quarter. Foster Victor Wealth Advisors LLC now owns 285,997 shares of the company’s stock worth $15,790,000 after acquiring an additional 35,484 shares during the last quarter. Hoese & Co LLP raised its holdings in shares of Carrier Global by 250.0% during the 3rd quarter. Hoese & Co LLP now owns 700 shares of the company’s stock worth $38,000 after acquiring an additional 500 shares during the period. Hartford Financial Management Inc. raised its position in shares of Carrier Global by 16.6% during the 3rd quarter. Hartford Financial Management Inc. now owns 12,883 shares of the company’s stock valued at $707,000 after buying an additional 1,833 shares during the period. Finally, Arwa LLC grew its holdings in shares of Carrier Global by 11.5% during the 3rd quarter. Arwa LLC now owns 19,588 shares of the company’s stock worth $1,078,000 after purchasing an additional 2,018 shares during the period. Institutional investors and hedge funds own 91.00% of the company’s stock.

Carrier Global Price Performance

Shares of CARR opened at $56.42 on Thursday. The company has a 50 day moving average of $57.15 and a two-hundred day moving average of $62.84. The company has a market cap of $46.51 billion, a price-to-earnings ratio of 39.18, a price-to-earnings-growth ratio of 1.92 and a beta of 1.29. 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 has a twelve month low of $50.24 and a twelve month high of $76.76.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, July 28th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.92 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts predict that Carrier Global will post 2.87 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, October 29th. Carrier Global’s dividend payout ratio is 66.67%.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, refrigeration equipment, building automation technologies and related controls and services for residential, commercial and industrial customers.

Its offerings include air conditioners, heat pumps, furnaces, boilers, chillers, ventilation systems, refrigeration systems and building management solutions.