Carrier Global (NYSE:CARR) Price Target Cut to $49.00 by Analysts at Deutsche Bank Aktiengesellschaft

Carrier Global (NYSE:CARRGet Rating) had its target price reduced by Deutsche Bank Aktiengesellschaft from $55.00 to $49.00 in a report published on Friday morning, The Fly reports.

Other equities analysts have also issued reports about the company. Barclays decreased their target price on Carrier Global from $63.00 to $60.00 and set an overweight rating on the stock in a research note on Monday, April 4th. Mizuho reduced their price objective on Carrier Global from $57.00 to $50.00 and set a neutral rating on the stock in a research report on Wednesday, February 9th. Wells Fargo & Company reduced their price objective on Carrier Global from $56.00 to $50.00 and set an equal weight rating on the stock in a research report on Wednesday, February 9th. OTR Global upgraded Carrier Global to a positive rating in a research report on Tuesday, January 25th. Finally, Vertical Research lowered Carrier Global from a buy rating to a hold rating and set a $57.00 price objective on the stock. in a research report on Monday, January 3rd. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $55.44.

Carrier Global stock opened at $38.27 on Friday. The stock’s 50 day moving average is $44.19 and its 200 day moving average is $49.27. The firm has a market cap of $32.64 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.80 and a beta of 1.20. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.72 and a quick ratio of 1.42. Carrier Global has a one year low of $36.23 and a one year high of $58.89.

Carrier Global (NYSE:CARRGet Rating) last announced its earnings results on Thursday, April 28th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. The business had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.55 billion. Carrier Global had a return on equity of 28.50% and a net margin of 8.07%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. Equities analysts anticipate that Carrier Global will post 2.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 19th. Stockholders of record on Friday, April 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. Carrier Global’s dividend payout ratio is currently 19.87%.

In related news, VP Kyle Crockett sold 3,682 shares of Carrier Global stock in a transaction that occurred on Friday, February 4th. The stock was sold at an average price of $45.73, for a total transaction of $168,377.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.24% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PrairieView Partners LLC boosted its position in shares of Carrier Global by 111.9% during the fourth quarter. PrairieView Partners LLC now owns 481 shares of the company’s stock valued at $26,000 after purchasing an additional 254 shares in the last quarter. Equitec Proprietary Markets LLC bought a new stake in Carrier Global in the fourth quarter worth $26,000. Intelligent Financial Strategies bought a new stake in Carrier Global in the fourth quarter worth $27,000. Zullo Investment Group Inc. bought a new stake in Carrier Global in the fourth quarter worth $27,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Carrier Global in the fourth quarter worth $28,000. Institutional investors own 84.12% of the company’s stock.

About Carrier Global (Get Rating)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers.

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