Carrier Global (NYSE:CARR) Given New $70.00 Price Target at Robert W. Baird

Carrier Global (NYSE:CARR) had its target price cut by Robert W. Baird from $72.00 to $70.00 in a report published on Monday morning,MarketScreener reports. They currently have an outperform rating on the stock.

CARR has been the topic of a number of other reports. Rothschild & Co Redburn decreased their target price on Carrier Global from $67.00 to $61.00 and set a “neutral” rating on the stock in a report on Wednesday, January 21st. Wolfe Research boosted their target price on Carrier Global from $75.00 to $76.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Weiss Ratings raised Carrier Global from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Citigroup boosted their target price on Carrier Global from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Royal Bank Of Canada decreased their target price on Carrier Global from $74.00 to $68.00 and set an “outperform” rating on the stock in a report on Wednesday, April 8th. Thirteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Carrier Global has an average rating of “Moderate Buy” and an average target price of $69.69.

Carrier Global Stock Up 1.6%

NYSE:CARR opened at $61.95 on Monday. The firm has a market capitalization of $51.75 billion, a price-to-earnings ratio of 36.23, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. Carrier Global has a twelve month low of $50.24 and a twelve month high of $81.09. The stock’s 50 day moving average price is $59.79 and its two-hundred day moving average price is $57.58. The company has a quick ratio of 0.85, a current ratio of 1.20 and a debt-to-equity ratio of 0.80.

Carrier Global (NYSE:CARR) last posted its earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02). The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $5.05 billion. Carrier Global had a return on equity of 15.30% and a net margin of 6.82%.The firm’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Equities research analysts expect that Carrier Global will post 2.74 earnings per share for the current fiscal year.

Carrier Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Monday, May 4th will be paid a $0.24 dividend. The ex-dividend date is Monday, May 4th. This represents a $0.96 annualized dividend and a yield of 1.5%. Carrier Global’s payout ratio is 56.14%.

Institutional Trading of Carrier Global

Institutional investors have recently added to or reduced their stakes in the company. Aigen Investment Management LP grew its holdings in shares of Carrier Global by 0.3% during the 4th quarter. Aigen Investment Management LP now owns 49,268 shares of the company’s stock worth $2,603,000 after acquiring an additional 166 shares during the period. Advisory Alpha LLC grew its holdings in shares of Carrier Global by 2.9% during the 4th quarter. Advisory Alpha LLC now owns 6,034 shares of the company’s stock worth $319,000 after acquiring an additional 171 shares during the period. Advisor OS LLC grew its holdings in shares of Carrier Global by 0.8% during the 4th quarter. Advisor OS LLC now owns 21,477 shares of the company’s stock worth $1,135,000 after acquiring an additional 178 shares during the period. Ironwood Investment Counsel LLC grew its holdings in shares of Carrier Global by 4.6% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 4,090 shares of the company’s stock worth $244,000 after acquiring an additional 181 shares during the period. Finally, Wescott Financial Advisory Group LLC grew its holdings in shares of Carrier Global by 4.7% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 4,163 shares of the company’s stock worth $220,000 after acquiring an additional 186 shares during the period. 91.00% of the stock is currently owned by institutional investors.

About Carrier Global

Carrier Global Corporation is a leading global provider of heating, ventilation and air conditioning (HVAC), refrigeration, fire and security, and building automation solutions. The company designs, manufactures and sells a broad portfolio of products that includes air conditioners, furnaces, heat pumps, chillers, rooftop units, commercial refrigeration systems, fire and smoke detection and suppression systems, security sensors and access controls, and a range of building controls and analytics software.