Carrier Global (NYSE:CARR) Given New $64.00 Price Target at Oppenheimer

Carrier Global (NYSE:CARR - Free Report) had its price objective upped by Oppenheimer from $63.00 to $64.00 in a report released on Friday morning, Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Other equities analysts also recently issued reports about the company. Royal Bank of Canada reduced their target price on Carrier Global from $63.00 to $60.00 and set an outperform rating on the stock in a research report on Wednesday, February 7th. Citigroup raised their price objective on Carrier Global from $60.00 to $63.00 and gave the stock a neutral rating in a report on Monday, April 8th. Wells Fargo & Company raised their price objective on Carrier Global from $59.00 to $66.00 and gave the stock an equal weight rating in a report on Friday. Finally, Barclays raised their price objective on Carrier Global from $78.00 to $79.00 and gave the stock an overweight rating in a report on Friday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $62.00.

Carrier Global Trading Up 1.2 %

NYSE CARR traded up $0.70 during trading hours on Friday, hitting $60.51. 6,683,432 shares of the company's stock were exchanged, compared to its average volume of 4,818,077. The business's 50 day moving average is $56.54 and its 200-day moving average is $54.83. Carrier Global has a 12-month low of $40.28 and a 12-month high of $60.87. The firm has a market capitalization of $54.47 billion, a P/E ratio of 38.30, a price-to-earnings-growth ratio of 2.31 and a beta of 1.39. The company has a debt-to-equity ratio of 1.58, a quick ratio of 2.40 and a current ratio of 2.73.

Carrier Global (NYSE:CARR - Get Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a return on equity of 27.19% and a net margin of 6.10%. The firm had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. As a group, analysts anticipate that Carrier Global will post 2.82 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.26%. Carrier Global's dividend payout ratio (DPR) is presently 48.10%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, VP Kevin J. O'connor sold 26,551 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the completion of the sale, the vice president now owns 66,083 shares in the company, valued at approximately $3,553,282.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $54.16, for a total value of $19,201,832.24. Following the completion of the transaction, the chief executive officer now owns 422,808 shares in the company, valued at approximately $22,899,281.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kevin J. O'connor sold 26,551 shares of Carrier Global stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.77, for a total value of $1,427,647.27. Following the completion of the transaction, the vice president now owns 66,083 shares of the company's stock, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. 6.95% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CARR. McClarren Financial Advisors Inc. grew its position in shares of Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company's stock worth $25,000 after acquiring an additional 202 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in Carrier Global during the 4th quarter valued at approximately $25,000. EdgeRock Capital LLC acquired a new position in Carrier Global during the 4th quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new position in Carrier Global during the 3rd quarter valued at approximately $28,000. Finally, Larson Financial Group LLC boosted its position in Carrier Global by 76.2% during the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company's stock valued at $28,000 after purchasing an additional 221 shares during the period. Institutional investors and hedge funds own 91.00% of the company's stock.

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.