Carrier GlobalCARR
Market Cap: $62.7B
About: Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.
Employees: 53,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
95% more call options, than puts
Call options by funds: $331M | Put options by funds: $170M
28% more first-time investments, than exits
New positions opened: 142 | Existing positions closed: 111
25% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 10 (+2) [Q2]
9% more capital invested
Capital invested by funds: $44.2B [Q1] → $48.1B (+$3.84B) [Q2]
2% more funds holding
Funds holding: 1,383 [Q1] → 1,414 (+31) [Q2]
0.72% less ownership
Funds ownership: 84.61% [Q1] → 83.9% (-0.72%) [Q2]
16% less repeat investments, than reductions
Existing positions increased: 451 | Existing positions reduced: 536
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
Morgan Stanley Chris Snyder 58% 1-year accuracy 7 / 12 met price target | 8%upside $75 | Equal-Weight Initiated | 6 Sept 2024 |
Wells Fargo Joe O'Dea 57% 1-year accuracy 12 / 21 met price target | 5%upside $73 | Equal-Weight Maintained | 6 Sept 2024 |
RBC Capital Deane Dray 61% 1-year accuracy 37 / 61 met price target | 14%upside $79 | Outperform Maintained | 5 Sept 2024 |
Oppenheimer Noah Kaye 69% 1-year accuracy 36 / 52 met price target | 7%upside $74 | Outperform Maintained | 16 Aug 2024 |
B of A Securities Andrew Obin 41% 1-year accuracy 7 / 17 met price target | 4%upside $72 | Neutral Upgraded | 29 Jul 2024 |
Financial journalist opinion
Based on 7 articles about CARR published over the past 30 days