Carrier Global (NYSE:CARR) Given New $70.00 Price Target at Royal Bank Of Canada

Carrier Global (NYSE:CARR) had its price target lowered by Royal Bank Of Canada from $72.00 to $70.00 in a research note published on Friday,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Several other analysts have also recently weighed in on the company. Wells Fargo & Company started coverage on Carrier Global in a research report on Thursday, September 24th. They set an “overweight” rating and a $67.00 price target for the company. Sanford C. Bernstein cut their price objective on Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a report on Wednesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Carrier Global in a research report on Friday, October 16th. Mizuho lowered their target price on shares of Carrier Global from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research note on Thursday, July 9th. Eleven research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carrier Global presently has an average rating of “Moderate Buy” and an average price target of $69.54.

Carrier Global Price Performance

NYSE:CARR opened at $53.45 on Friday. The firm has a market capitalization of $44.06 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.89 and a beta of 1.29. Carrier Global has a 52-week low of $50.24 and a 52-week high of $76.76. The stock has a fifty day moving average of $56.37 and a 200 day moving average of $61.71. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.72 and a current ratio of 1.00.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, October 29th. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Carrier Global had a positive return on equity of 16.99% and a negative net margin of 7.90%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 earnings per share. On average, research analysts expect that Carrier Global will post 2.89 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 18th. Investors of record on Thursday, October 29th will be issued a dividend of $0.24 per share. The ex-dividend date is Thursday, October 29th. This represents a $0.96 annualized dividend and a yield of 1.8%. Carrier Global’s dividend payout ratio is currently -43.24%.

Hedge Funds Weigh In On Carrier Global

A number of large investors have recently bought and sold shares of CARR. Johnson Financial Group Inc. purchased a new position in shares of Carrier Global in the second quarter valued at about $25,000. Meeder Asset Management Inc. bought a new position in Carrier Global during the 2nd quarter valued at approximately $26,000. Financial Management Professionals Inc. increased its stake in shares of Carrier Global by 142.4% during the second quarter. Financial Management Professionals Inc. now owns 383 shares of the company’s stock valued at $28,000 after buying an additional 225 shares during the period. Burnham & Co LLC purchased a new position in shares of Carrier Global during the second quarter valued at approximately $37,000. Finally, Latitude Advisors LLC bought a new position in shares of Carrier Global during the third quarter valued at approximately $27,000. 91.00% of the stock is owned by hedge funds and other institutional investors.

Key Carrier Global News

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

• Positive Sentiment: Q3 results exceeded expectations: Carrier reported adjusted EPS of $0.87, above the $0.76 consensus estimate, while revenue increased 12.3% year over year to $6.26 billion, topping expectations of $6.09 billion. Carrier Reports Third Quarter 2026 Results
• Positive Sentiment: Demand and backlog strengthened: Total orders rose approximately 35%, commercial HVAC orders increased about 60%, and data-center orders surged roughly 300%. Carrier also reported a record backlog exceeding $8.5 billion and signed long-term agreements worth multiple billions of dollars with minimum volume commitments. Carrier Global Q3 2026 Earnings Call Highlights
• Positive Sentiment: Full-year sales outlook improved: Management updated its 2026 guidance for higher sales, supported by HVAC demand, the backlog and tariff refunds. Operating cash flow was $813 million and free cash flow was $674 million; the company returned approximately $600 million to shareholders through dividends and repurchases. Carrier Q3 Earnings and Sales Beat
• Neutral Sentiment: Analysts remain broadly constructive, but targets were reduced: Citigroup cut its target to $71 while retaining a Buy rating; Wells Fargo lowered its target to $65 with an Overweight rating; RBC reduced its target to $70 with an Outperform rating; and BNP Paribas Exane cut its target to $60 while maintaining Neutral. The revisions still imply substantial potential upside, but signal more cautious valuation or earnings assumptions.
• Negative Sentiment: GAAP results were affected by an impairment charge: Carrier reported a goodwill impairment for the quarter, contributing to GAAP EPS of negative $3.16 despite positive adjusted earnings. Cost pressures and the lower analyst targets may be weighing on investor sentiment.
• Negative Sentiment: Bearish options activity increased: Traders purchased 18,275 put options, approximately 189% above typical daily put volume, indicating elevated demand for downside protection or speculative bearish positioning.

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.