Carrier Global (CARR) Stock Price, News & Analysis

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last year. There are currently 3 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CARR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CARR, but not buy additional shares or sell existing shares.
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13 equities research analysts have issued 1 year target prices for Carrier Global's stock. Their CARR share price targets range from $53.00 to $78.00. On average, they predict the company's stock price to reach $60.77 in the next twelve months. This suggests a possible upside of 9.6% from the stock's current price.
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Carrier Global's stock was trading at $57.45 at the beginning of the year. Since then, CARR stock has decreased by 3.5% and is now trading at $55.46.
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Carrier Global saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 14,130,000 shares, a drop of 30.6% from the March 15th total of 20,360,000 shares. Based on an average daily trading volume, of 4,890,000 shares, the short-interest ratio is currently 2.9 days. Currently, 1.7% of the shares of the company are sold short.
View Carrier Global's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our CARR earnings forecast.

Carrier Global will be holding an earnings conference call on Thursday, April 25th at 7:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Carrier Global Co. (NYSE:CARR) issued its earnings results on Tuesday, February, 6th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a trailing twelve-month return on equity of 27.19%. The company's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 EPS.
Read the conference call transcript.

Carrier Global declared a quarterly dividend on Wednesday, December 6th. Investors of record on Thursday, December 21st will be given a dividend of $0.19 per share on Friday, February 9th. This represents a $0.76 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, December 20th. This is a boost from the stock's previous quarterly dividend of $0.19.
Read our dividend analysis for CARR.

Carrier Global (NYSE:CARR) pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.34%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARR will have a dividend payout ratio of 24.60% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CARR.

ETFs with the largest weight of Carrier Global (NYSE:CARR) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust US Equity Opportunities ETF (FPX), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Global X Green Building ETF (GRNR), Capital Group Dividend Value ETF (CGDV), AdvisorShares Focused Equity ETF (CWS), SPDR S&P Homebuilders ETF (XHB) and SPDR S&P Kensho Intelligent Structures ETF (SIMS).

Carrier Global issued an update on its FY24 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of $2.80-2.90 for the period, compared to the consensus earnings per share estimate of $2.85. The company issued revenue guidance of ~$26.5 billion, compared to the consensus revenue estimate of $23.03 billion.

1,551 employees have rated Carrier Global Chief Executive Officer David Gitlin on Glassdoor.com. David Gitlin has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Carrier Global investors own include RTX (RTX), Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Pfizer (PFE), QUALCOMM (QCOM), Cisco Systems (CSCO), Verizon Communications (VZ), CVS Health (CVS) and Intel (INTC).

Carrier Global's stock is owned by many different retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.18%), Gateway Investment Advisers LLC (0.04%), M. Kraus & Co (0.02%), CHURCHILL MANAGEMENT Corp (0.02%), Contravisory Investment Management Inc. (0.01%) and Meyer Handelman Co. (0.01%). Insiders that own company stock include Ajay Agrawal, David Appel, David L Gitlin, Jurgen Timperman, Kevin J O'connor, Kyle Crockett and Nadia Villeneuve.
View institutional ownership trends.

Shares of CARR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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