Analysts Set Carrier Global Co. (NYSE:CARR) Price Target at $81.33

Carrier Global Co. (NYSE:CARR - Get Free Report) has been given an average rating of "Moderate Buy" by the seventeen ratings firms that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $80.13.

A number of equities research analysts recently weighed in on CARR shares. Mizuho raised shares of Carrier Global from a "neutral" rating to an "outperform" rating and set a $78.00 price objective for the company in a research report on Friday, February 14th. Wolfe Research raised Carrier Global from a "peer perform" rating to an "outperform" rating and set a $80.00 target price for the company in a report on Monday, February 24th. JPMorgan Chase & Co. cut their price target on Carrier Global from $78.00 to $64.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their price objective on Carrier Global from $89.00 to $72.00 and set a "buy" rating for the company in a research note on Monday. Finally, Barclays cut their target price on Carrier Global from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th.

Carrier Global Stock Up 1.2 %

Carrier Global stock traded up $0.71 during midday trading on Friday, hitting $59.90. The stock had a trading volume of 1,365,350 shares, compared to its average volume of 4,507,160. The business has a fifty day moving average price of $64.00 and a 200 day moving average price of $69.97. Carrier Global has a 12 month low of $53.33 and a 12 month high of $83.32. The stock has a market cap of $51.75 billion, a P/E ratio of 9.55, a P/E/G ratio of 2.01 and a beta of 1.33. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77.

Carrier Global (NYSE:CARR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same period in the prior year, the business posted $0.53 earnings per share. Research analysts predict that Carrier Global will post 2.99 EPS for the current year.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Friday, May 2nd will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, May 2nd. Carrier Global's payout ratio is 14.33%.

Institutional Investors Weigh In On Carrier Global

A number of institutional investors and hedge funds have recently modified their holdings of CARR. UMB Bank n.a. grew its holdings in shares of Carrier Global by 1.1% during the fourth quarter. UMB Bank n.a. now owns 13,293 shares of the company's stock valued at $907,000 after buying an additional 143 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Carrier Global by 2.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,887 shares of the company's stock valued at $403,000 after acquiring an additional 147 shares in the last quarter. Hanson & Doremus Investment Management increased its holdings in shares of Carrier Global by 6.2% in the 4th quarter. Hanson & Doremus Investment Management now owns 2,572 shares of the company's stock valued at $176,000 after purchasing an additional 150 shares during the period. Syon Capital LLC lifted its position in shares of Carrier Global by 2.2% in the fourth quarter. Syon Capital LLC now owns 7,089 shares of the company's stock worth $484,000 after purchasing an additional 155 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. lifted its position in shares of Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company's stock worth $25,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 91.00% of the company's stock.

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.