Analysts Set Carrier Global Co. (NYSE:CARR) Target Price at $62.00

Shares of Carrier Global Co. (NYSE:CARR - Get Free Report) have been given a consensus rating of "Hold" by the thirteen brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $62.00.

A number of research analysts recently weighed in on CARR shares. Wells Fargo & Company raised their price target on shares of Carrier Global from $59.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday. Oppenheimer raised their price target on shares of Carrier Global from $63.00 to $64.00 and gave the company an "outperform" rating in a research report on Friday. Barclays raised their price target on shares of Carrier Global from $78.00 to $79.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup raised their price target on shares of Carrier Global from $60.00 to $63.00 and gave the company a "neutral" rating in a research report on Monday, April 8th. Finally, Royal Bank of Canada dropped their price target on shares of Carrier Global from $63.00 to $60.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 7th.

Insider Transactions at Carrier Global

In other news, CEO David L. Gitlin sold 354,539 shares of Carrier Global 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 completion of the transaction, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 completion of the transaction, the chief executive officer now owns 422,808 shares in the company, valued at $22,899,281.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin J. O'connor sold 26,551 shares of the business's stock in a transaction that occurred on 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 transaction, the vice president now directly 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. Corporate insiders own 6.95% of the company's stock.

Hedge Funds Weigh In On Carrier Global

Several hedge funds have recently bought and sold shares of the company. Capital Research Global Investors grew its stake in Carrier Global by 3.3% during the fourth quarter. Capital Research Global Investors now owns 92,829,907 shares of the company's stock valued at $5,333,084,000 after acquiring an additional 2,961,923 shares in the last quarter. Capital International Investors grew its stake in Carrier Global by 0.6% during the fourth quarter. Capital International Investors now owns 81,063,464 shares of the company's stock valued at $4,657,260,000 after acquiring an additional 443,568 shares in the last quarter. Fisher Asset Management LLC grew its stake in Carrier Global by 2.4% during the fourth quarter. Fisher Asset Management LLC now owns 13,307,231 shares of the company's stock valued at $764,500,000 after acquiring an additional 310,453 shares in the last quarter. Northern Trust Corp grew its stake in Carrier Global by 3.4% during the third quarter. Northern Trust Corp now owns 8,941,301 shares of the company's stock valued at $493,560,000 after acquiring an additional 289,973 shares in the last quarter. Finally, Norges Bank purchased a new position in Carrier Global during the fourth quarter valued at approximately $444,487,000. Hedge funds and other institutional investors own 91.00% of the company's stock.

Carrier Global Stock Up 1.2 %

Shares of Carrier Global stock traded up $0.69 during trading hours on Friday, reaching $60.50. The company's stock had a trading volume of 6,684,176 shares, compared to its average volume of 4,318,700. Carrier Global has a one year low of $40.28 and a one year high of $60.87. The company has a market capitalization of $54.46 billion, a P/E ratio of 42.31, a P/E/G ratio of 2.53 and a beta of 1.39. The stock's fifty day simple moving average is $56.54 and its two-hundred day simple moving average is $54.82. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.40 and a current ratio of 1.36.

Carrier Global (NYSE:CARR - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. The firm had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.27 billion. On average, research analysts forecast that Carrier Global will post 2.84 earnings per share for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Friday, May 3rd will be paid a $0.19 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 annualized dividend and a dividend yield of 1.26%. Carrier Global's payout ratio is 53.15%.

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.