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

Carrier Global (NYSE:CARR) had its price target upped by Robert W. Baird from $60.00 to $64.00 in a research note issued to investors on Friday, Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other research firms have also commented on CARR. Wells Fargo & Company raised their price target on shares of 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 price target on shares of Carrier Global from $78.00 to $79.00 and gave the company an overweight rating in a research report on Friday, April 26th. Royal Bank of Canada reduced their price target 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. Citigroup lifted their price objective on Carrier Global from $60.00 to $63.00 and gave the company a neutral rating in a report on Monday, April 8th. Finally, TD Cowen raised their price target on Carrier Global from $66.00 to $70.00 and gave the stock a buy rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $62.71.

Carrier Global Stock Up 1.9 %

Carrier Global stock opened at $62.09 on Friday. The company’s 50-day moving average price is $57.32 and its two-hundred day moving average price is $55.14. The company has a quick ratio of 0.99, a current ratio of 1.36 and a debt-to-equity ratio of 1.31. The stock has a market cap of $55.94 billion, a P/E ratio of 43.42, a P/E/G ratio of 2.61 and a beta of 1.34. Carrier Global has a twelve month low of $40.28 and a twelve month high of $63.79.

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

Carrier Global Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, May 2nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%. Carrier Global’s dividend payout ratio is currently 53.15%.

Insiders Place Their Bets

In related news, insider Jurgen Timperman sold 159,915 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $61.95, for a total transaction of $9,906,734.25. The transaction was disclosed in a filing with the SEC, which is accessible 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 that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $61.95, for a total transaction of $9,906,734.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 541,005 shares of company stock valued at $30,536,214. 6.95% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carrier Global

A number of hedge funds have recently modified their holdings of CARR. Howland Capital Management LLC acquired a new position in Carrier Global during the 1st quarter worth about $325,000. Geneos Wealth Management Inc. boosted its holdings in Carrier Global by 10.0% in the first quarter. Geneos Wealth Management Inc. now owns 2,694 shares of the company’s stock valued at $157,000 after acquiring an additional 244 shares during the last quarter. WBI Investments LLC acquired a new stake in Carrier Global during the 1st quarter valued at approximately $1,768,000. Team Hewins LLC increased its position in Carrier Global by 26.7% during the 1st quarter. Team Hewins LLC now owns 6,349 shares of the company’s stock valued at $369,000 after purchasing an additional 1,336 shares during the period. Finally, Affinity Investment Advisors LLC acquired a new stake in Carrier Global during the 1st quarter valued at approximately $200,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

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.