Carrier Global (NYSE:CARR) Price Target Raised to $43.00 at Morgan Stanley

Carrier Global (NYSE:CARR – Get Rating) had its target price hoisted by Morgan Stanley from $42.00 to $43.00 in a report released on Friday, Marketbeat Ratings reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently commented on CARR. Bank of America downgraded Carrier Global from a buy rating to a neutral rating in a report on Wednesday, May 18th. Jefferies Financial Group decreased their target price on Carrier Global from $55.00 to $47.00 in a research report on Friday, July 15th. TheStreet cut Carrier Global from a b- rating to a c rating in a research report on Friday, April 29th. Mizuho decreased their target price on Carrier Global from $45.00 to $38.00 and set a neutral rating for the company in a research report on Monday, July 18th. Finally, Wells Fargo & Company decreased their target price on Carrier Global from $39.00 to $38.00 and set an equal weight rating for the company in a research report on Tuesday, July 12th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $48.73.

Carrier Global Trading Up 0.1 %

NYSE:CARR opened at $40.57 on Friday. The stock’s 50 day moving average price is $37.32 and its 200 day moving average price is $41.60. Carrier Global has a 52 week low of $34.12 and a 52 week high of $58.89. The company has a market capitalization of $34.41 billion, a P/E ratio of 12.92, a P/E/G ratio of 2.14 and a beta of 1.35. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.25 and a current ratio of 1.67.

Carrier Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 10th. Investors of record on Thursday, June 23rd will be given a $0.15 dividend. The ex-dividend date is Wednesday, June 22nd. This represents a $0.60 annualized dividend and a yield of 1.48%. Carrier Global’s dividend payout ratio (DPR) is currently 19.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. OPSEU Pension Plan Trust Fund lifted its position in Carrier Global by 1.6% in the fourth quarter. OPSEU Pension Plan Trust Fund now owns 13,424 shares of the company’s stock worth $724,000 after purchasing an additional 212 shares during the period. Quadrant Capital Group LLC raised its stake in Carrier Global by 3.4% during the fourth quarter. Quadrant Capital Group LLC now owns 6,867 shares of the company’s stock worth $372,000 after acquiring an additional 225 shares in the last quarter. First Bank & Trust raised its stake in Carrier Global by 5.1% during the fourth quarter. First Bank & Trust now owns 4,907 shares of the company’s stock worth $266,000 after acquiring an additional 239 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in Carrier Global by 2.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 11,778 shares of the company’s stock worth $639,000 after acquiring an additional 240 shares in the last quarter. Finally, Independent Wealth Network Inc. raised its stake in Carrier Global by 5.8% during the first quarter. Independent Wealth Network Inc. now owns 4,364 shares of the company’s stock worth $200,000 after acquiring an additional 240 shares in the last quarter. 85.55% of the stock is owned by institutional investors.

About Carrier Global

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Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

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