Analysts Set Carrier Global Co. (NYSE:CARR) Price Target at $62.00

Shares of Carrier Global Co. (NYSE:CARR) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $62.62.

A number of research analysts recently weighed in on CARR shares. Oppenheimer lifted their target price on Carrier Global from $63.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Royal Bank of Canada cut their price objective 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. Wells Fargo & Company lifted their target price on Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. Barclays lifted their target price on Carrier Global from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, TD Cowen lifted their target price on Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Carrier Global news, CEO David L. Gitlin sold 354,539 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $54.16, for a total transaction of $19,201,832.24. Following the sale, the chief executive officer now directly owns 422,808 shares of the company’s stock, valued at approximately $22,899,281.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.77, for a total transaction of $1,427,647.27. Following the sale, the vice president now directly owns 66,083 shares in the company, valued at $3,553,282.91. The disclosure for this sale can be found here. Company insiders own 6.95% of the company’s stock.

Institutional Investors Weigh In On Carrier Global

A number of large investors have recently bought and sold shares of the business. McClarren Financial Advisors Inc. grew its position in Carrier Global by 86.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock valued at $25,000 after acquiring an additional 202 shares during the period. DiNuzzo Private Wealth Inc. bought a new stake in shares of Carrier Global in the 4th quarter worth about $25,000. EdgeRock Capital LLC bought a new stake in shares of Carrier Global in the 4th quarter worth about $27,000. OFI Invest Asset Management bought a new stake in shares of Carrier Global in the 3rd quarter worth about $28,000. Finally, Larson Financial Group LLC grew its holdings in shares of Carrier Global by 76.2% in the 3rd quarter. Larson Financial Group LLC now owns 511 shares of the company’s stock worth $28,000 after purchasing an additional 221 shares during the last quarter. 91.00% of the stock is currently owned by institutional investors.

Carrier Global Price Performance

Shares of NYSE:CARR opened at $61.49 on Friday. Carrier Global has a one year low of $40.28 and a one year high of $63.79. The business’s fifty day moving average price is $56.88 and its two-hundred day moving average price is $54.94. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.99 and a current ratio of 1.36. The stock has a market cap of $55.40 billion, a PE ratio of 43.00, a price-to-earnings-growth ratio of 2.53 and a beta of 1.39.

Carrier Global (NYSE:CARR) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.62 earnings per share (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 business had revenue of $6.18 billion for the quarter, compared to analysts’ expectations of $6.27 billion. On average, analysts forecast that Carrier Global will post 2.84 EPS for the current fiscal year.

Carrier Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be issued a $0.19 dividend. The ex-dividend date of this dividend 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 currently 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.