Carrier Global Co. (NYSE:CARR) Given Consensus Rating of "Moderate Buy" by Analysts

Carrier Global Co. (NYSE:CARR - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the sixteen analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $81.29.

A number of research firms recently issued reports on CARR. Citigroup decreased their price objective on Carrier Global from $89.00 to $72.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on Carrier Global from $78.00 to $64.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company raised their target price on shares of Carrier Global from $65.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday. Wolfe Research raised shares of Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 price target on the stock in a report on Monday, February 24th. Finally, Royal Bank of Canada lifted their price objective on shares of Carrier Global from $71.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. BOK Financial Private Wealth Inc. increased its position in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after buying an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE raised its stake in Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company's stock worth $26,000 after acquiring an additional 180 shares during the period. Park Square Financial Group LLC purchased a new position in Carrier Global during the fourth quarter valued at approximately $28,000. Investment Research & Advisory Group Inc. bought a new position in shares of Carrier Global in the first quarter worth approximately $29,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global during the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Trading Down 0.2 %

NYSE:CARR opened at $70.04 on Thursday. The firm has a fifty day simple moving average of $63.38 and a two-hundred day simple moving average of $68.16. Carrier Global has a 12 month low of $54.22 and a 12 month high of $83.32. The stock has a market capitalization of $60.51 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.17 billion. During the same period in the previous year, the company posted $0.51 EPS. The company's revenue for the quarter was down 3.7% on a year-over-year basis. Analysts expect that Carrier Global will post 2.99 EPS for the current fiscal year.

Carrier Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.225 per share. The ex-dividend date is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a yield of 1.28%. Carrier Global's dividend payout ratio is currently 13.93%.

About Carrier Global

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.

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