Carrier Global Co. (NYSE:CARR) Given Average Rating of “Moderate Buy” by Analysts

Shares of Carrier Global Co. (NYSE:CARR) have been assigned a consensus recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $82.64.

CARR has been the subject of several recent analyst reports. Citigroup lowered their price target on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a research report on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on Carrier Global from $83.00 to $77.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. The Goldman Sachs Group initiated coverage on Carrier Global in a research report on Thursday, December 12th. They issued a “buy” rating and a $96.00 price target for the company. Royal Bank of Canada lowered their price target on Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a research report on Wednesday, February 12th. Finally, Robert W. Baird lowered their price target on Carrier Global from $88.00 to $86.00 and set an “outperform” rating for the company in a research report on Friday, October 25th.

Carrier Global Stock Performance

Shares of Carrier Global stock opened at $66.10 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.96 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $57.39 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.97 and a beta of 1.35. The business has a fifty day simple moving average of $67.46 and a two-hundred day simple moving average of $72.27. Carrier Global has a 12 month low of $53.33 and a 12 month high of $83.32.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. Carrier Global had a return on equity of 18.82% and a net margin of 23.83%. During the same quarter last year, the company earned $0.53 earnings per share. On average, equities analysts forecast that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.36%. This is an increase from Carrier Global’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, December 20th. Carrier Global’s dividend payout ratio (DPR) is presently 14.33%.

Institutional Investors Weigh In On Carrier Global

A number of large investors have recently made changes to their positions in CARR. BOK Financial Private Wealth Inc. grew its stake in shares of Carrier Global by 80.0% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after purchasing an additional 160 shares during the period. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Carrier Global by 90.0% during the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 180 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Carrier Global during the 3rd quarter valued at about $28,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Carrier Global during the 4th quarter valued at about $31,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Carrier Global by 236.1% during the 4th quarter. Meeder Asset Management Inc. now owns 484 shares of the company’s stock valued at $33,000 after purchasing an additional 340 shares during the period. 91.00% of the stock is currently owned by 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.