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

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

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Carrier Global from $83.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Robert W. Baird reduced their price target on shares of Carrier Global from $88.00 to $86.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Citigroup reduced their price target on shares of Carrier Global from $94.00 to $90.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group started coverage on shares of Carrier Global in a research report on Thursday, December 12th. They set a “buy” rating and a $96.00 price target on the stock. Finally, Stephens reduced their price target on shares of Carrier Global from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th.

Carrier Global Trading Down 1.5 %

Shares of CARR opened at $66.10 on Friday. The firm’s 50 day simple moving average is $67.46 and its 200 day simple moving average is $72.27. The company 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 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 has a 1-year low of $53.33 and a 1-year high of $83.32.

Carrier Global (NYSE:CARR) last announced its earnings results on Tuesday, February 11th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.03. Carrier Global had a net margin of 23.83% and a return on equity of 18.82%. During the same period in the prior year, the company earned $0.53 EPS. Sell-side analysts forecast that Carrier Global will post 2.99 earnings per share for the current fiscal year.

Carrier Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, December 20th were issued a $0.225 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.90 annualized dividend and a yield of 1.36%. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is 14.33%.

Institutional Trading of Carrier Global

Large investors have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC bought a new stake in Carrier Global in the third quarter valued at $28,000. BOK Financial Private Wealth Inc. boosted its holdings in Carrier Global by 80.0% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 360 shares of the company’s stock valued at $25,000 after acquiring an additional 160 shares in the last quarter. Ritter Daniher Financial Advisory LLC DE boosted its holdings in Carrier Global by 90.0% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 380 shares of the company’s stock valued at $26,000 after acquiring an additional 180 shares in the last quarter. Coastline Trust Co bought a new stake in Carrier Global in the third quarter valued at $37,000. Finally, Bradley & Co. Private Wealth Management LLC bought a new stake in Carrier Global in the fourth quarter valued at $31,000. 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.