Investment Analysts’ Recent Ratings Changes for Carrier Global (CARR)

Several brokerages have updated their recommendations and price targets on shares of Carrier Global (NYSE: CARR) in the last few weeks:

• 1/15/2025 – Carrier Global had its price target lowered by analysts at JPMorgan Chase & Co. from $83.00 to $77.00. They now have a “neutral” rating on the stock.
• 1/13/2025 – Carrier Global had its price target lowered by analysts at Citigroup Inc. from $94.00 to $90.00. They now have a “buy” rating on the stock.
• 1/8/2025 – Carrier Global had its price target lowered by analysts at Barclays PLC from $92.00 to $90.00. They now have an “overweight” rating on the stock.
• 1/7/2025 – Carrier Global had its price target lowered by analysts at Wells Fargo & Company from $80.00 to $75.00. They now have an “equal weight” rating on the stock.
• 1/3/2025 – Carrier Global had its price target lowered by analysts at Royal Bank of Canada from $87.00 to $86.00. They now have an “outperform” rating on the stock.
• 12/12/2024 – Carrier Global is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $96.00 price target on the stock.
• 12/5/2024 – Carrier Global had its price target raised by analysts at Barclays PLC from $89.00 to $92.00. They now have an “overweight” rating on the stock.

Carrier Global Price Performance

Carrier Global stock traded up $0.17 during midday trading on Friday, reaching $70.05. 4,972,531 shares of the company were exchanged, compared to its average volume of 4,913,412. Carrier Global Co. has a 1 year low of $53.13 and a 1 year high of $83.32. The company has a market capitalization of $62.85 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 2.26 and a beta of 1.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.82 and a current ratio of 1.08. The firm’s 50-day simple moving average is $71.50 and its 200-day simple moving average is $72.37.

Carrier Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, December 20th. This is a boost from Carrier Global’s previous quarterly dividend of $0.19. Carrier Global’s payout ratio is 22.78%.

Hedge Funds Weigh In On Carrier Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in shares of Carrier Global in the third quarter valued at about $28,000. McClarren Financial Advisors Inc. raised its position in shares of Carrier Global by 246.0% during the 3rd quarter. McClarren Financial Advisors Inc. now owns 436 shares of the company’s stock valued at $35,000 after acquiring an additional 310 shares during the last quarter. Coastline Trust Co bought a new stake in Carrier Global in the third quarter valued at approximately $37,000. Country Trust Bank acquired a new position in shares of Carrier Global in the 3rd quarter valued at approximately $40,000. Finally, Capital Performance Advisors LLP bought a new stake in Carrier Global in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 91.00% of the company’s stock.

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.