Robert W. Baird Boosts Carrier Global (NYSE:CARR) Price Target to $64.00

Carrier Global (NYSE:CARR - Get Free Report) had its price target boosted by research analysts at Robert W. Baird from $60.00 to $64.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a "neutral" rating on the stock. Robert W. Baird's target price would indicate a potential upside of 3.08% from the company's current price.

Several other equities research analysts have also commented on the stock. Barclays boosted their price objective on shares of Carrier Global from $78.00 to $79.00 and gave the stock an "overweight" rating in a research note on Friday, April 26th. Citigroup upped their price target on shares of Carrier Global from $60.00 to $63.00 and gave the stock a "neutral" rating in a research report on Monday, April 8th. TD Cowen upped their price target on shares of Carrier Global from $66.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company upped their target price on shares of Carrier Global from $59.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada lowered their price objective on shares of Carrier Global from $63.00 to $60.00 and set an "outperform" rating for the company in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $62.71.

Carrier Global Stock Up 1.9 %

NYSE:CARR traded up $1.15 during mid-day trading on Friday, hitting $62.09. 3,570,617 shares of the company's stock were exchanged, compared to its average volume of 4,870,465. Carrier Global has a one year low of $40.28 and a one year high of $63.79. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. The business has a fifty day moving average price of $57.17 and a 200 day moving average price of $55.02. The company has a market cap of $55.94 billion, a PE ratio of 43.42, a P/E/G ratio of 2.57 and a beta of 1.34.

Carrier Global (NYSE:CARR - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The business had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. Equities analysts predict that Carrier Global will post 2.85 EPS for the current year.

Insiders Place Their Bets

In other news, VP Kevin J. O'connor sold 26,551 shares of the firm's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the sale, the vice president now directly owns 66,083 shares in the company, valued at approximately $3,553,282.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO David L. Gitlin sold 354,539 shares of the firm's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.16, for a total value of $19,201,832.24. Following the sale, the chief executive officer now directly owns 422,808 shares in the company, valued at approximately $22,899,281.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kevin J. O'connor sold 26,551 shares of the firm's stock in a transaction dated Thursday, February 8th. The shares were 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 $3,553,282.91. The disclosure for this sale can be found here. Insiders have sold a total of 541,005 shares of company stock worth $30,536,214 in the last three months. Corporate insiders own 6.95% of the company's stock.

Institutional Trading of Carrier Global

Institutional investors have recently bought and sold shares of the stock. McClarren Financial Advisors Inc. boosted its stake in 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 purchasing an additional 202 shares in the last quarter. DiNuzzo Private Wealth Inc. purchased a new position in Carrier Global during the 4th quarter worth approximately $25,000. EdgeRock Capital LLC purchased a new position in Carrier Global during the 4th quarter worth approximately $27,000. OFI Invest Asset Management purchased a new position in Carrier Global during the 3rd quarter worth approximately $28,000. Finally, Larson Financial Group LLC raised 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 worth $28,000 after buying an additional 221 shares during the last quarter. 91.00% of the stock is currently 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.