Analysts Set Carrier Global Co. (NYSE:CARR) PT at $82.64

Carrier Global Co. (NYSE:CARR) has been given a consensus rating of “Moderate Buy” by the seventeen research firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $82.47.

A number of brokerages have recently commented on CARR. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a report on Friday, February 14th. Barclays dropped their price objective on Carrier Global from $90.00 to $87.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a report on Monday, February 24th. Citigroup dropped their price objective on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. dropped their price objective on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $64.81 on Friday. The stock has a market cap of $56.00 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.25. The stock has a 50 day moving average price of $67.15 and a 200-day moving average price of $72.33. Carrier Global has a one year low of $53.33 and a one year high of $83.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the previous year, the business posted $0.53 earnings per share. Equities analysts expect that Carrier Global will post 2.99 EPS for the current year.

Carrier Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, December 20th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.39%. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s dividend payout ratio is currently 14.33%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Park Square Financial Group LLC bought a new position in shares of Carrier Global in the 4th quarter worth $28,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Carrier Global in the 4th quarter worth $56,629,000. Challenger Wealth Management bought a new position in shares of Carrier Global in the 4th quarter worth $273,000. Aurdan Capital Management LLC bought a new position in shares of Carrier Global in the 4th quarter worth $201,000. Finally, Forum Financial Management LP raised its position in shares of Carrier Global by 14.5% in the 4th quarter. Forum Financial Management LP now owns 7,388 shares of the company’s stock worth $504,000 after acquiring an additional 938 shares in the last quarter. 91.00% of the stock is owned by institutional investors.

Carrier Global Company Profile

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. It operates through three segments: HVAC, Refrigeration, and Fire & Security.