On May 9, 2025, Northcoast Research analyst Samuel Snyder upgraded Carrier Global Corporation (NYSE: CARR) from Neutral to Buy, setting a price target of \$85. This upgrade reflects confidence in Carrier’s strategic direction and growth prospects.
🛠️ Rationale Behind the Upgrade
Carrier has successfully navigated past challenges, notably the integration of its Viessmann Climate Solutions (VCS) acquisition. The company is now entering a growth phase, bolstered by new product introductions in the U.S. market. These products, stemming from the Viessmann acquisition and enhancements from Toshiba’s intellectual property, are expected to drive growth across the Americas.
The upcoming investor day in New York later this month is anticipated to highlight these developments, further emphasizing Carrier’s strategic initiatives and growth trajectory.
💰 Dividend Fundamentals
Carrier Global offers an annual dividend of \$0.90 per share, yielding 1.26% as of May 9, 2025. The dividend is paid quarterly, with the most recent ex-dividend date on May 2, 2025. The company has demonstrated a commitment to returning value to shareholders, with a 12% dividend compound annual growth rate (CAGR) over the past three years.
🚀 Conclusion
Carrier Global’s strategic acquisitions and product innovations position the company for sustained growth. The recent analyst upgrade underscores confidence in Carrier’s direction, making it a compelling consideration for investors seeking exposure to the HVAC and building solutions sector.