Carrier Global Co. (NYSE:CARR) Receives Consensus Rating of “Hold” from Analysts

Carrier Global Co. (NYSE:CARRGet Free Report) has received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $62.86.

A number of research firms have commented on CARR. Barclays lifted their price objective on shares of Carrier Global from $79.00 to $81.00 and gave the stock an “overweight” rating in a report on Friday, June 14th. Wells Fargo & Company lifted their price objective on shares of Carrier Global from $59.00 to $66.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Oppenheimer lifted their price objective on shares of Carrier Global from $63.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Citigroup lifted their price objective on shares of Carrier Global from $60.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, TD Cowen lifted their price objective on shares of Carrier Global from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, April 29th.

View Our Latest Stock Report on Carrier Global

Insider Buying and Selling

In related news, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Carrier Global news, insider Jurgen Timperman sold 159,915 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $61.95, for a total value of $9,906,734.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Kyle Crockett sold 4,611 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $66.39, for a total transaction of $306,124.29. Following the completion of the sale, the chief accounting officer now directly owns 2,042 shares of the company’s stock, valued at $135,568.38. The disclosure for this sale can be found here. Insiders sold 262,954 shares of company stock valued at $16,650,050 over the last 90 days. 6.95% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Carrier Global

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Manchester Capital Management LLC lifted its holdings in Carrier Global by 4.3% in the 1st quarter. Manchester Capital Management LLC now owns 4,385 shares of the company’s stock valued at $255,000 after acquiring an additional 180 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its stake in Carrier Global by 0.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,474 shares of the company’s stock valued at $1,119,000 after buying an additional 181 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Carrier Global by 2.3% during the first quarter. Sunbelt Securities Inc. now owns 8,033 shares of the company’s stock valued at $467,000 after buying an additional 182 shares in the last quarter. Graypoint LLC lifted its stake in Carrier Global by 1.9% during the fourth quarter. Graypoint LLC now owns 9,752 shares of the company’s stock valued at $560,000 after buying an additional 184 shares in the last quarter. Finally, Sovereign Financial Group Inc. lifted its stake in Carrier Global by 4.7% during the fourth quarter. Sovereign Financial Group Inc. now owns 4,224 shares of the company’s stock valued at $243,000 after buying an additional 188 shares in the last quarter. 91.00% of the stock is owned by institutional investors and hedge funds.

Carrier Global Stock Down 2.1 %

Shares of NYSE:CARR opened at $62.88 on Monday. 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 fifty day simple moving average of $62.25 and a 200 day simple moving average of $58.44. The firm has a market cap of $56.66 billion, a PE ratio of 43.97, a price-to-earnings-growth ratio of 2.59 and a beta of 1.33. Carrier Global has a 12-month low of $45.68 and a 12-month high of $66.50.

Carrier Global (NYSE:CARRGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.12. The business had revenue of $6.18 billion during the quarter, compared to analyst estimates of $6.27 billion. Carrier Global had a net margin of 5.41% and a return on equity of 26.01%. On average, equities research analysts anticipate that Carrier Global will post 2.85 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 8th. Investors of record on Friday, June 21st will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.21%. The ex-dividend date is Friday, June 21st. Carrier Global’s payout ratio is currently 53.15%.

Carrier Global Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Carrier Global (NYSE:CARR)

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