Carrier Global Co. (NYSE:CARR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Carrier Global Co. (NYSE:CARR) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $81.33.

A number of research analysts have issued reports on CARR shares. Royal Bank of Canada decreased their price target on shares of Carrier Global from $86.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, February 12th. Mizuho upgraded Carrier Global from a “neutral” rating to an “outperform” rating and set a $78.00 target price for the company in a research note on Friday, February 14th. Barclays dropped their price target on Carrier Global from $87.00 to $83.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Wolfe Research upgraded Carrier Global from a “peer perform” rating to an “outperform” rating and set a $80.00 price objective for the company in a research note on Monday, February 24th. Finally, Citigroup decreased their target price on Carrier Global from $94.00 to $90.00 and set a “buy” rating for the company in a report on Monday, January 13th.

Carrier Global Stock Up 0.1 %

Shares of CARR stock opened at $59.14 on Friday. The stock’s fifty day moving average price is $64.27 and its 200 day moving average price is $70.31. Carrier Global has a 1-year low of $53.33 and a 1-year high of $83.32. The company has a market cap of $51.09 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 2.01 and a beta of 1.33. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 0.96.

Carrier Global (NYSE:CARR) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates 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 business earned $0.53 EPS. On average, research analysts expect that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Friday, May 2nd will be given a $0.225 dividend. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.52%. Carrier Global’s dividend payout ratio (DPR) is currently 14.33%.

Hedge Funds Weigh In On Carrier Global

Hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Carrier Global during the 4th quarter worth approximately $588,029,000. Wealthfront Advisers LLC raised its position in Carrier Global by 5,840.1% during the fourth quarter. Wealthfront Advisers LLC now owns 5,000,000 shares of the company’s stock worth $341,300,000 after acquiring an additional 4,915,826 shares during the period. Brown Advisory Inc. raised its position in Carrier Global by 139.1% during the fourth quarter. Brown Advisory Inc. now owns 5,296,577 shares of the company’s stock worth $361,544,000 after acquiring an additional 3,080,984 shares during the period. Artisan Partners Limited Partnership purchased a new position in Carrier Global during the fourth quarter valued at $166,061,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Carrier Global in the fourth quarter valued at about $108,433,000. Hedge funds and other institutional investors own 91.00% of the company’s stock.

About Carrier Global

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.