Carrier Global (NYSE:CARR) Stock Gets Price Target Reduction from Mizuho

Carrier Global (NYSE:CARR) had its price target decreased by Mizuho from $75.00 to $70.00 in a report released on Thursday, Marketbeat reports. Mizuho currently has an outperform rating on the stock.

A number of other equities analysts have also recently commented on the stock. Wolfe Research reiterated an “outperform” rating and issued a $80.00 target price on shares of Carrier Global in a research report on Thursday, July 9th. Sanford C. Bernstein lowered their price target on shares of Carrier Global from $78.00 to $64.00 and set a “market perform” rating for the company in a research note on Wednesday, October 7th. Citigroup upped their price target on shares of Carrier Global from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, July 13th. Royal Bank Of Canada reduced their price objective on Carrier Global from $82.00 to $72.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group cut Carrier Global from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $74.00 to $61.00 in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.43.

Carrier Global Stock Down 0.1%

Shares of NYSE CARR opened at $54.90 on Thursday. Carrier Global has a one year low of $50.24 and a one year high of $76.76. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.02 and a quick ratio of 0.72. The firm’s 50 day simple moving average is $57.60 and its two-hundred day simple moving average is $62.79. The stock has a market capitalization of $45.26 billion, a P/E ratio of 38.12, a PEG ratio of 1.88 and a beta of 1.29.

Carrier Global (NYSE:CARR) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.82 by $0.04. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.02 billion. Carrier Global had a net margin of 5.52% and a return on equity of 14.68%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $0.92 earnings per share. Carrier Global has set its FY 2026 guidance at 2.900-2.900 EPS. As a group, analysts expect that Carrier Global will post 2.87 EPS for the current fiscal year.

Carrier Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 18th. Shareholders of record on Thursday, October 29th will be issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, October 29th. Carrier Global’s dividend payout ratio (DPR) is 66.67%.

Hedge Funds Weigh In On Carrier Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Advisor Solutions LLC boosted its stake in shares of Carrier Global by 2.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 5,801 shares of the company’s stock valued at $426,000 after purchasing an additional 158 shares during the period. Texas Bank & Trust Co grew its holdings in shares of Carrier Global by 1.3% in the first quarter. Texas Bank & Trust Co now owns 13,176 shares of the company’s stock worth $742,000 after purchasing an additional 175 shares during the last quarter. Personal CFO Solutions LLC increased its stake in Carrier Global by 0.7% in the 1st quarter. Personal CFO Solutions LLC now owns 24,671 shares of the company’s stock worth $1,389,000 after buying an additional 181 shares during the period. PFG Investments LLC increased its stake in Carrier Global by 2.8% in the 1st quarter. PFG Investments LLC now owns 7,242 shares of the company’s stock worth $408,000 after buying an additional 198 shares during the period. Finally, HORAN Wealth LLC increased its stake in Carrier Global by 3.6% in the 1st quarter. HORAN Wealth LLC now owns 5,771 shares of the company’s stock worth $306,000 after buying an additional 200 shares during the period. 91.00% of the stock is owned by institutional investors.

About Carrier Global

Carrier Global Corporation (NYSE:CARR) is a global provider of intelligent climate and energy solutions. The company develops and manufactures heating, ventilation and air-conditioning (HVAC) systems, heat pumps, building controls, and related equipment for residential, commercial and industrial customers. Its offerings are designed to support temperature control, indoor air quality, energy efficiency and building performance.

Carrier also provides refrigeration products and services for food retail, transportation and other applications.