Carrier Global Corporation (NYSE:CARR) Plans Quarterly Dividend of $0.24

Carrier Global Corporation (NYSE:CARR) declared a quarterly dividend on Thursday, June 4th. Stockholders of record on Tuesday, July 21st will be paid a dividend of 0.24 per share on Monday, August 10th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, July 21st.

Carrier Global has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 4 years. Carrier Global has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Carrier Global to earn $3.13 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 30.7%.

Carrier Global Price Performance

Shares of Carrier Global stock opened at $68.59 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.75 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $56.97 billion, a PE ratio of 45.12, a price-to-earnings-growth ratio of 2.71 and a beta of 1.34. The business’s 50-day moving average price is $62.15 and its 200-day moving average price is $58.97. Carrier Global has a 12 month low of $50.24 and a 12 month high of $81.09.

Carrier Global (NYSE:CARR) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.01 billion. Carrier Global had a return on equity of 14.81% and a net margin of 5.99%.The company’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. Carrier Global has set its FY 2026 guidance at 2.800-2.800 EPS. Sell-side analysts forecast that Carrier Global will post 2.78 EPS for the current fiscal year.

Analysts Set New Price Targets

CARR has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price objective on Carrier Global from $63.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Zacks Research upgraded Carrier Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. The Goldman Sachs Group increased their target price on Carrier Global from $74.00 to $80.00 in a report on Friday, May 1st. Mizuho increased their target price on Carrier Global from $67.00 to $75.00 in a report on Friday, May 1st. Finally, Morgan Stanley increased their target price on Carrier Global from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Twelve analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.04.

Carrier Global Company Profile

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.