Carrier Global Corporation (NYSE:CARR) Receives $84.47 Average Price Target from Analysts

Key Points

• Carrier Global Corporation has received a consensus rating of "Moderate Buy" from seventeen research firms, with a 12-month price target averaging $84.47.
• The company recently reported earnings of $0.92 per share, surpassing estimates of $0.90, and its revenue for the quarter was $6.11 billion, exceeding forecasts.
• Carrier Global also declared a quarterly dividend of $0.225, resulting in a 1.4% yield and a dividend payout ratio of 19.61%.

Shares of Carrier Global Corporation (NYSE:CARR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $84.4706.

CARR has been the subject of a number of analyst reports. Mizuho set a $72.00 price target on shares of Carrier Global in a research report on Tuesday, April 22nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Carrier Global in a research report on Wednesday, May 21st. Morgan Stanley dropped their price target on shares of Carrier Global from $78.00 to $75.00 and set an "equal weight" rating for the company in a research report on Friday, August 8th. Robert W. Baird dropped their price target on shares of Carrier Global from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, July 30th. Finally, Melius Research upgraded shares of Carrier Global to a "hold" rating and set a $90.00 price target for the company in a research report on Tuesday, July 1st.

Carrier Global Stock Performance

Shares of Carrier Global stock traded up $0.3780 during trading on Friday, hitting $66.8680. 2,544,869 shares of the stock were exchanged, compared to its average volume of 5,242,056. The stock has a market capitalization of $56.91 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.80 and a beta of 1.25. The company has a fifty day moving average price of $72.21 and a 200-day moving average price of $68.15. Carrier Global has a 1-year low of $54.22 and a 1-year high of $83.32. The company has a current ratio of 1.17, a quick ratio of 0.80 and a debt-to-equity ratio of 0.76.

Carrier Global (NYSE:CARR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. Carrier Global had a net margin of 18.33% and a return on equity of 17.83%. The business had revenue of $6.11 billion for the quarter, compared to analyst estimates of $6.08 billion. Carrier Global has set its FY 2025 guidance at 3.000-3.100 EPS. As a group, equities analysts predict that Carrier Global will post 2.99 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 21st were given a dividend of $0.225 per share. The ex-dividend date was Monday, July 21st. This represents a $0.90 annualized dividend and a dividend yield of 1.3%. Carrier Global's dividend payout ratio (DPR) is currently 19.61%.

Insider Activity

In related news, Director Maximilian Viessmann sold 4,267,425 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $70.30, for a total transaction of $299,999,977.50. Following the sale, the director owned 54,341,534 shares in the company, valued at approximately $3,820,209,840.20. This trade represents a 7.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.20% of the company's stock.

Institutional Trading of Carrier Global

Several large investors have recently made changes to their positions in the company. AdvisorShares Investments LLC bought a new position in Carrier Global in the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC bought a new position in Carrier Global in the 2nd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Carrier Global in the 2nd quarter valued at approximately $26,000. Traub Capital Management LLC bought a new position in Carrier Global in the 2nd quarter valued at approximately $27,000. Finally, Park Square Financial Group LLC bought a new position in Carrier Global in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.00% of the company's stock.

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.