Carrier Global Co. (NYSE:CARR) Receives $62.00 Consensus PT from Brokerages

Carrier Global Co. (NYSE:CARR) has earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $62.62.

Several brokerages recently commented on CARR. Oppenheimer lifted their price objective on Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Citigroup lifted their target price on Carrier Global from $60.00 to $63.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. TD Cowen lifted their target price on Carrier Global from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank of Canada dropped 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. Finally, Barclays increased their target price on Carrier Global from $78.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, April 26th.

Insider Activity at Carrier Global

In related news, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction dated 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 in the company, valued at approximately $3,553,282.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO David L. Gitlin sold 354,539 shares of Carrier Global stock in a transaction dated 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 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 legal filing with the SEC, which is available at this link. Also, VP Kevin J. O’connor sold 26,551 shares of Carrier Global stock in a transaction dated 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 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. 6.95% of the stock is owned by company insiders.

Institutional Investors Weigh In On Carrier Global

Several institutional investors have recently bought and sold shares of the company. McClarren Financial Advisors Inc. boosted its holdings in shares of Carrier Global by 86.7% during 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 during the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $25,000. EdgeRock Capital LLC acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $27,000. OFI Invest Asset Management acquired a new position in shares of Carrier Global during the 3rd quarter worth approximately $28,000. Finally, Larson Financial Group LLC lifted its holdings in Carrier Global by 76.2% in the third quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock valued at $28,000 after acquiring an additional 221 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors and hedge funds.

Carrier Global Stock Performance

Shares of CARR opened at $61.49 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.36 and a quick ratio of 0.99. Carrier Global has a one year low of $40.28 and a one year high of $63.79. The firm has a market capitalization of $55.40 billion, a P/E ratio of 43.00, a PEG ratio of 2.53 and a beta of 1.39. The business has a fifty day moving average of $56.88 and a 200 day moving average of $54.94.

Carrier Global (NYSE:CARR) last issued 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 return on equity of 26.01% and a net margin of 5.41%. The company had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. As a group, sell-side analysts anticipate that Carrier Global will post 2.84 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors 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 1.24%. Carrier Global’s dividend payout ratio is presently 53.15%.

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.