Robert W. Baird Raises Carrier Global (NYSE:CARR) Price Target to $64.00

Carrier Global (NYSE:CARR) had its price objective boosted by Robert W. Baird from $60.00 to $64.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other research analysts have also recently commented on the company. Citigroup increased their target price on Carrier Global from $60.00 to $63.00 and gave the company a neutral rating in a research note on Monday, April 8th. Oppenheimer increased their price objective on Carrier Global from $63.00 to $64.00 and gave the company an outperform rating in a research report on Friday, April 26th. Barclays boosted 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. Wells Fargo & Company increased their price target on shares of Carrier Global from $59.00 to $66.00 and gave the company an equal weight rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada decreased their target price on shares of Carrier Global from $63.00 to $60.00 and set an outperform rating on the stock in a research report on Wednesday, February 7th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $62.71.

Carrier Global Stock Performance

Shares of CARR opened at $62.09 on Friday. Carrier Global has a 12-month low of $40.28 and a 12-month high of $63.79. The company has a current ratio of 1.36, a quick ratio of 0.99 and a debt-to-equity ratio of 1.31. The company has a market cap of $55.94 billion, a PE ratio of 43.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.34. The stock has a 50-day moving average price of $57.32 and a 200-day moving average price of $55.14.

Carrier Global (NYSE:CARR) last announced its earnings results on Thursday, April 25th. The company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion for the quarter, compared to the consensus estimate of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. As a group, equities analysts forecast that Carrier Global will post 2.85 earnings per share for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Friday, May 3rd will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Thursday, May 2nd. Carrier Global’s payout ratio is 53.15%.

Insider Buying and Selling at Carrier Global

In other Carrier Global news, VP Kevin J. O’connor sold 26,551 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.77, for a total value of $1,427,647.27. Following the transaction, the vice president now owns 66,083 shares in the company, valued at $3,553,282.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Jurgen Timperman sold 159,915 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kevin J. O’connor sold 26,551 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were 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 of the company’s stock, valued at approximately $3,553,282.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 541,005 shares of company stock worth $30,536,214. 6.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carrier Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McClarren Financial Advisors Inc. grew its position in shares of Carrier Global by 86.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 435 shares of the company’s stock worth $25,000 after buying an additional 202 shares during the period. DiNuzzo Private Wealth Inc. bought a new position in shares of Carrier Global during the fourth quarter valued at approximately $25,000. EdgeRock Capital LLC purchased a new position in shares of Carrier Global during the fourth quarter valued at approximately $27,000. OFI Invest Asset Management purchased a new position in shares of Carrier Global during the third quarter valued at approximately $28,000. Finally, Larson Financial Group LLC boosted its position 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 in the last quarter. 91.00% of the stock is owned by hedge funds and other institutional investors.

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.