Carrier Global Co. (NYSE:CARR) Receives $82.31 Consensus PT from Analysts

Shares of Carrier Global Co. (NYSE:CARR - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $82.31.

Several equities analysts recently issued reports on the stock. Stephens cut their price objective on shares of Carrier Global from $85.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. UBS Group upgraded Carrier Global from a "neutral" rating to a "buy" rating and set a $94.00 target price on the stock in a research note on Wednesday. Oppenheimer lifted their target price on Carrier Global from $74.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Mizuho lifted their target price on Carrier Global from $65.00 to $78.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, Bank of America lifted their target price on Carrier Global from $80.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, October 18th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CARR. Olistico Wealth LLC purchased a new position in shares of Carrier Global during the 2nd quarter valued at approximately $25,000. McClarren Financial Advisors Inc. grew its position in Carrier Global by 246.0% during the third quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company's stock valued at $35,000 after buying an additional 310 shares during the period. Coastline Trust Co purchased a new position in Carrier Global in the third quarter valued at $37,000. Meeder Asset Management Inc. raised its position in shares of Carrier Global by 675.0% in the second quarter. Meeder Asset Management Inc. now owns 465 shares of the company's stock worth $29,000 after acquiring an additional 405 shares during the period. Finally, Country Trust Bank purchased a new stake in shares of Carrier Global during the 3rd quarter worth about $40,000. 91.00% of the stock is currently owned by hedge funds and other institutional investors.

Carrier Global Stock Down 1.1 %

Carrier Global stock traded down $0.83 during midday trading on Thursday, hitting $75.57. 2,061,879 shares of the company's stock were exchanged, compared to its average volume of 4,159,457. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. The company has a market cap of $67.80 billion, a PE ratio of 19.11, a P/E/G ratio of 2.71 and a beta of 1.34. The firm has a 50-day moving average of $77.51 and a two-hundred day moving average of $69.66. Carrier Global has a 12 month low of $51.20 and a 12 month high of $83.32.

Carrier Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, October 25th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, October 25th. This represents a $0.76 annualized dividend and a dividend yield of 1.01%. Carrier Global's dividend payout ratio (DPR) is presently 19.24%.

Carrier Global announced that its Board of Directors has authorized a stock repurchase program on Thursday, October 24th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

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.