Carrier Global's (CARR) "Neutral" Rating Reaffirmed at JPMorgan Chase & Co.

Carrier Global (NYSE:CARR - Get Free Report)'s stock had its "neutral" rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, MarketBeat Ratings reports. They currently have a $79.00 target price on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 3.34% from the stock's current price.

Other equities research analysts also recently issued research reports about the company. Northcoast Research raised Carrier Global from a "neutral" rating to a "buy" rating and set a $85.00 target price for the company in a report on Friday, May 9th. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Carrier Global in a report on Wednesday, May 21st. Robert W. Baird lifted their target price on Carrier Global from $80.00 to $88.00 and gave the stock an "outperform" rating in a report on Tuesday, May 20th. Mizuho set a $72.00 price target on Carrier Global in a report on Tuesday, April 22nd. Finally, Melius Research raised Carrier Global to a "hold" rating and set a $90.00 price target for the company in a report on Tuesday, July 1st. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Carrier Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.65.

Carrier Global Stock Performance

Shares of Carrier Global stock traded down $0.48 on Tuesday, reaching $76.45. 2,205,232 shares of the stock were exchanged, compared to its average volume of 4,669,636. The company has a quick ratio of 0.83, a current ratio of 1.20 and a debt-to-equity ratio of 0.78. Carrier Global has a twelve month low of $54.22 and a twelve month high of $83.32. The firm has a market capitalization of $65.54 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 2.06 and a beta of 1.31. The business has a 50 day moving average price of $73.00 and a two-hundred day moving average price of $67.81.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results 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 18.10% and a net margin of 25.45%. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same quarter in the previous year, the company posted $0.51 earnings per share. The company's revenue was down 3.7% compared to the same quarter last year. Analysts anticipate that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Carrier Global

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of 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 buying an additional 180 shares during the period. Park Square Financial Group LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth approximately $28,000. Accredited Wealth Management LLC acquired a new position in Carrier Global in the 1st quarter valued at $28,000. Investment Research & Advisory Group Inc. purchased a new stake in shares of Carrier Global during the first quarter worth $29,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of Carrier Global during the fourth quarter worth $31,000. 91.00% of the stock is owned by institutional investors and hedge funds.

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.