Carrier Global (CARR) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last twelve months. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CARR shares.
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15 Wall Street analysts have issued 12-month target prices for Carrier Global's shares. Their CARR share price forecasts range from $42.00 to $68.00. On average, they predict the company's share price to reach $55.53 in the next year. This suggests a possible upside of 5.0% from the stock's current price.
View analysts price targets for CARR or view top-rated stocks among Wall Street analysts.

Carrier Global's stock was trading at $41.25 at the start of the year. Since then, CARR stock has increased by 28.2% and is now trading at $52.87.
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Carrier Global saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 28,440,000 shares, a drop of 5.2% from the July 31st total of 30,010,000 shares. Based on an average trading volume of 5,350,000 shares, the short-interest ratio is presently 5.3 days. Currently, 3.4% of the company's stock are short sold.
View Carrier Global's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CARR earnings forecast.

Carrier Global Co. (NYSE:CARR) released its quarterly earnings data on Thursday, July, 27th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.03. The firm had revenue of $6 billion for the quarter, compared to analysts' expectations of $5.83 billion. Carrier Global had a trailing twelve-month return on equity of 25.42% and a net margin of 9.87%. The business's revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 EPS.
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Carrier Global announced a quarterly dividend on Thursday, June 8th. Stockholders of record on Friday, June 23rd will be given a dividend of $0.185 per share on Thursday, August 10th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Thursday, June 22nd.
Read our dividend analysis for CARR.

ETFs with the largest weight of Carrier Global (NYSE:CARR) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust US Equity Opportunities ETF (FPX), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Global X Green Building ETF (GRNR), Capital Group Dividend Value ETF (CGDV), AdvisorShares Focused Equity ETF (CWS), SPDR S&P Homebuilders ETF (XHB) and JPMorgan Climate Change Solutions ETF (TEMP).

Carrier Global (NYSE:CARR) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.37%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARR will have a dividend payout ratio of 26.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CARR.

Carrier Global issued an update on its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.55-$2.65 for the period, compared to the consensus EPS estimate of $2.58. The company issued revenue guidance of $22.0 billion, compared to the consensus revenue estimate of $22.24 billion.

1,551 employees have rated Carrier Global Chief Executive Officer David Gitlin on Glassdoor.com. David Gitlin has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Carrier Global investors own include RTX (RTX), Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Pfizer (PFE), QUALCOMM (QCOM), Cisco Systems (CSCO), Verizon Communications (VZ), CVS Health (CVS) and Intel (INTC).

Carrier Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "CARR."

Carrier Global's stock is owned by a number of institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (214.48%), Capital Research Global Investors (9.93%), Capital World Investors (9.64%), Capital International Investors (9.33%), BlackRock Inc. (7.26%) and State Street Corp (4.00%). Insiders that own company stock include Ajay Agrawal, David Appel, Jurgen Timperman, Kyle Crockett and Nadia Villeneuve.
View institutional ownership trends.

Shares of CARR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CARR stock can currently be purchased for approximately $52.87.

Carrier Global (NYSE:CARR) has a market capitalization of $44.29 billion and generates $20.42 billion in revenue each year. The company earns $3.53 billion in net income (profit) each year or $2.52 on an earnings per share basis.

The company employs 52,000 workers across the globe.

Carrier Global's mailing address is 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL, 33418. The official website for the company is www.corporate.carrier.com. The company can be reached via phone at 561-365-2000 or via email at investorrelations@carrier.com.