Recent Analysts’ Ratings Updates for Carrier Global (CARR)

Several brokerages have updated their recommendations and price targets on shares of Carrier Global (NYSE: CARR) in the last few weeks:

• 2/14/2025 – Carrier Global was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating. They now have a $78.00 price target on the stock.
• 2/12/2025 – Carrier Global had its price target lowered by analysts at Barclays PLC from $90.00 to $87.00. They now have an “overweight” rating on the stock.
• 2/12/2025 – Carrier Global had its price target lowered by analysts at Royal Bank of Canada from $86.00 to $76.00. They now have an “outperform” rating on the stock.
• 2/12/2025 – Carrier Global had its price target lowered by analysts at Wells Fargo & Company from $75.00 to $70.00. They now have an “equal weight” rating on the stock.
• 1/15/2025 – Carrier Global had its price target lowered by analysts at JPMorgan Chase & Co. from $83.00 to $77.00. They now have a “neutral” rating on the stock.
• 1/13/2025 – Carrier Global had its price target lowered by analysts at Citigroup Inc. from $94.00 to $90.00. They now have a “buy” rating on the stock.
• 1/8/2025 – Carrier Global had its price target lowered by analysts at Barclays PLC from $92.00 to $90.00. They now have an “overweight” rating on the stock.
• 1/7/2025 – Carrier Global had its price target lowered by analysts at Wells Fargo & Company from $80.00 to $75.00. They now have an “equal weight” rating on the stock.
• 1/3/2025 – Carrier Global had its price target lowered by analysts at Royal Bank of Canada from $87.00 to $86.00. They now have an “outperform” rating on the stock.

Carrier Global Stock Up 1.6 %

Carrier Global stock traded up $1.02 during midday trading on Friday, hitting $64.69. 1,533,148 shares of the company were exchanged, compared to its average volume of 5,710,372. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.08 and a quick ratio of 0.82. Carrier Global Co. has a fifty-two week low of $53.13 and a fifty-two week high of $83.32. The company’s fifty day moving average price is $68.34 and its 200-day moving average price is $72.28. The company has a market cap of $58.04 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 2.11 and a beta of 1.35.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a return on equity of 20.52% and a net margin of 14.98%. During the same quarter last year, the business earned $0.53 EPS. On average, research analysts predict that Carrier Global Co. will post 2.52 EPS for the current fiscal year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. This represents a $0.90 annualized dividend and a yield of 1.39%. Carrier Global’s dividend payout ratio is currently 22.78%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. RFG Advisory LLC grew its stake in Carrier Global by 36.2% in the fourth quarter. RFG Advisory LLC now owns 7,170 shares of the company’s stock worth $489,000 after purchasing an additional 1,904 shares in the last quarter. Princeton Global Asset Management LLC increased its holdings in shares of Carrier Global by 1,156.1% in the 4th quarter. Princeton Global Asset Management LLC now owns 20,663 shares of the company’s stock valued at $1,410,000 after acquiring an additional 19,018 shares during the last quarter. Cerity Partners LLC raised its position in shares of Carrier Global by 39.0% during the 3rd quarter. Cerity Partners LLC now owns 136,821 shares of the company’s stock valued at $11,013,000 after acquiring an additional 38,365 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Carrier Global by 12.3% during the third quarter. Daiwa Securities Group Inc. now owns 100,440 shares of the company’s stock worth $8,084,000 after purchasing an additional 11,032 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new position in Carrier Global in the fourth quarter worth $2,213,000. 91.00% of the stock is owned by institutional investors and hedge funds.

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.