Carrier Global (CARR) Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CARR shares.
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15 brokerages have issued 12-month price targets for Carrier Global's shares. Their CARR share price forecasts range from $42.00 to $68.00. On average, they anticipate the company's stock price to reach $54.65 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
View analysts price targets for CARR or view top-rated stocks among Wall Street analysts.

Carrier Global's stock was trading at $41.25 at the beginning of the year. Since then, CARR shares have increased by 34.6% and is now trading at $55.54.
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Carrier Global saw a increase in short interest in July. As of July 15th, there was short interest totaling 29,750,000 shares, an increase of 5.6% from the June 30th total of 28,170,000 shares. Based on an average daily trading volume, of 5,990,000 shares, the short-interest ratio is currently 5.0 days. Currently, 3.6% of the shares of the stock are short sold.
View Carrier Global's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CARR earnings forecast.

Carrier Global Co. (NYSE:CARR) announced its quarterly earnings data on Thursday, July, 27th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.03. The firm earned $6 billion during the quarter, compared to analysts' expectations of $5.83 billion. Carrier Global had a net margin of 9.87% and a trailing twelve-month return on equity of 25.42%. Carrier Global's quarterly revenue was up 15.1% compared to the same quarter last year. During the same period last year, the business posted $0.69 earnings per share.
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Carrier Global declared a quarterly dividend on Thursday, June 8th. Shareholders of record on Friday, June 23rd will be given a dividend of $0.185 per share on Thursday, August 10th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, June 22nd.
Read our dividend analysis for CARR.

ETFs with the largest weight of Carrier Global (NYSE:CARR) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD), First Trust US Equity Opportunities ETF (FPX), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), Global X Green Building ETF (GRNR), Capital Group Dividend Value ETF (CGDV), AdvisorShares Focused Equity ETF (CWS), SPDR S&P Homebuilders ETF (XHB) and JPMorgan Climate Change Solutions ETF (TEMP).

Carrier Global (NYSE:CARR) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.33%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARR will have a dividend payout ratio of 26.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CARR.

Carrier Global updated its FY23 earnings guidance on Thursday, July, 27th. The company provided EPS guidance of $2.55-$2.65 for the period, compared to the consensus estimate of $2.58. The company issued revenue guidance of $22.0 billion, compared to the consensus revenue estimate of $22.24 billion.

1,551 employees have rated Carrier Global Chief Executive Officer David Gitlin on Glassdoor.com. David Gitlin has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Carrier Global investors own include RTX (RTX), Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Pfizer (PFE), QUALCOMM (QCOM), Cisco Systems (CSCO), Verizon Communications (VZ), CVS Health (CVS) and Intel (INTC).

Carrier Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "CARR."

Carrier Global's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (214.48%), Capital Research Global Investors (9.93%), Capital World Investors (9.64%), Capital International Investors (9.33%), BlackRock Inc. (7.26%) and Geode Capital Management LLC (2.12%). Insiders that own company stock include Ajay Agrawal, David Appel, Jurgen Timperman, Kyle Crockett and Nadia Villeneuve.
View institutional ownership trends.

Shares of CARR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CARR stock can currently be purchased for approximately $55.54.

Carrier Global (NYSE:CARR) has a market capitalization of $46.52 billion and generates $20.42 billion in revenue each year. The company earns $3.53 billion in net income (profit) each year or $2.52 on an earnings per share basis.

The company employs 52,000 workers across the globe.

Carrier Global's mailing address is 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL, 33418. The official website for the company is www.corporate.carrier.com. The company can be reached via phone at 561-365-2000 or via email at investorrelations@carrier.com.