CARR icon

Carrier Global

68.49 USD
+1.80
2.70%
At close Dec 20, 4:00 PM EST
After hours
68.49
+0.00
0.00%
1 day
2.70%
5 days
-6.43%
1 month
-8.07%
3 months
-14.30%
6 months
6.65%
Year to date
21.33%
1 year
22.30%
5 years
470.75%
10 years
470.75%
 

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

0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 10 analysts

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

91% more first-time investments, than exits

New positions opened: 193 | Existing positions closed: 101

80% more funds holding in top 10

Funds holding in top 10: 10 [Q2] → 18 (+8) [Q3]

23% more capital invested

Capital invested by funds: $48.7B [Q2] → $60.1B (+$11.4B) [Q3]

6% more funds holding

Funds holding: 1,424 [Q2] → 1,516 (+92) [Q3]

3% more call options, than puts

Call options by funds: $725M | Put options by funds: $704M

5% less repeat investments, than reductions

Existing positions increased: 501 | Existing positions reduced: 527

2.81% less ownership

Funds ownership: 85.02% [Q2] → 82.2% (-2.81%) [Q3]

Research analyst outlook

10 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target
$76
11%
upside
Avg. target
$85
25%
upside
High target
$94
37%
upside

10 analyst ratings

positive
50%
neutral
50%
negative
0%
Barclays
Julian Mitchell
61% 1-year accuracy
62 / 101 met price target
34%upside
$92
Overweight
Maintained
5 Dec 2024
UBS
Amit Mehrotra
20% 1-year accuracy
2 / 10 met price target
37%upside
$94
Buy
Upgraded
13 Nov 2024
Stephens & Co.
Tommy Moll
89% 1-year accuracy
17 / 19 met price target
17%upside
$80
Equal-Weight
Maintained
28 Oct 2024
RBC Capital
Deane Dray
54% 1-year accuracy
35 / 65 met price target
27%upside
$87
Outperform
Maintained
25 Oct 2024
Wells Fargo
Joe O'Dea
85% 1-year accuracy
11 / 13 met price target
11%upside
$76
Equal-Weight
Maintained
25 Oct 2024

Financial journalist opinion

Based on 5 articles about CARR published over the past 30 days

Neutral
PRNewsWire
1 week ago
Carrier Named to Inaugural Forbes Most Trusted Companies in America List
PALM BEACH GARDENS, Fla. , Dec. 12, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, was recently named to Forbes' inaugural Most Trusted Companies in America 2025 list.
Carrier Named to Inaugural Forbes Most Trusted Companies in America List
Positive
Seeking Alpha
1 week ago
14 Upcoming Dividend Increases
I focus on companies consistently increasing dividends and beating benchmarks, using data from the U.S. Dividend Champions spreadsheet and NASDAQ. The list includes companies with at least five years of dividend growth, sorted by ex-dividend date and dividend streak. I prioritize stocks with strong historical returns and high 10-year dividend growth rates, comparing them to ETF benchmarks like SCHD.
14 Upcoming Dividend Increases
Neutral
PRNewsWire
2 weeks ago
Carrier Board of Directors Announces an 18 Percent Increase in Quarterly Dividend to $0.225 per Share
PALM BEACH GARDENS, Fla. , Dec. 6, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, announced today that its Board of Directors declared a quarterly dividend of $0.225 per outstanding share of Carrier common stock.
Carrier Board of Directors Announces an 18 Percent Increase in Quarterly Dividend to $0.225 per Share
Positive
Market Watch
2 weeks ago
Southwest Airlines' stock jumps as carrier is latest to raise guidance on strong travel demand
Southwest Airlines Co.'s stock jumped 2.4% in premarket trade Thursday, after it became the latest airline to boost guidance for the fourth quarter, as travel demand remains resilient and it benefits from efficiency measures.
Southwest Airlines' stock jumps as carrier is latest to raise guidance on strong travel demand
Neutral
PRNewsWire
2 weeks ago
Carrier Completes Strategic Portfolio Transformation with Closing of $3B Sale of its Commercial and Residential Fire Business
PALM BEACH GARDENS, Fla. , Dec. 2, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced it has completed the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion.
Carrier Completes Strategic Portfolio Transformation with Closing of $3B Sale of its Commercial and Residential Fire Business
Neutral
Seeking Alpha
1 month ago
Carrier Global Corporation (CARR) Baird's 2024 Global Industrial Conference (Transcript)
Carrier Global Corporation (NYSE:CARR ) Baird's 2024 Global Industrial Conference November 12, 2024 11:50 AM ET Company Participants David Gitlin - Chairman & Chief Executive Officer Patrick Goris - Senior Vice President & Chief Financial Officer Conference Call Participants Timothy Wojs - Robert W. Baird & Co. Timothy Wojs Good morning, everybody.
Carrier Global Corporation (CARR) Baird's 2024 Global Industrial Conference (Transcript)
Neutral
PRNewsWire
1 month ago
Carrier Honored with World Environment Center's 2024 Gold Medal Award for Corporate Sustainability
GE Aerospace's Chairman and CEO, H. Lawrence Culp, Jr., Presented Carrier with Prestigious Award PALM BEACH GARDENS, Fla.
Carrier Honored with World Environment Center's 2024 Gold Medal Award for Corporate Sustainability
Neutral
PRNewsWire
1 month ago
Carrier to Present at Baird's 2024 Global Industrial Conference
PALM BEACH GARDENS, Fla. , Nov. 4, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) Chairman & CEO David Gitlin and Senior Vice President & CFO Patrick Goris will speak at the Baird 2024 Global Industrial Conference on Tuesday, November 12, 2024 at 11:50 a.m.
Carrier to Present at Baird's 2024 Global Industrial Conference
Positive
Seeking Alpha
1 month ago
Carrier Global Q3: Don't Lose Your Cool Over Updated Guidance
Carrier Global Corp. is completing its transformation into a focused HVAC and transport refrigeration company, with higher growth and exposure to secular trends. The 9% price drop post-earnings release seems unjustified, given the guidance reduction was only because of a divestment, not a change in the ongoing business. North American HVAC growth remains strong, and Viessmann's performance is improving with resumed German heat pump subsidies, contributing to a positive 2025 outlook.
Carrier Global Q3: Don't Lose Your Cool Over Updated Guidance
Positive
Seeking Alpha
1 month ago
Carrier Global Q3: Strong Orders Supporting FY 2025 Growth
I reiterate a 'Strong Buy' rating for Carrier Global, driven by their transformation into a climate and energy solutions pure play and robust order growth. Carrier Global's 4% organic revenue growth and 20% order growth, alongside divestitures and AFFF settlement, support strong business expansion in FY25. The company projects 3% organic revenue growth and 150bps margin expansion for FY24, with significant growth potential in the HVAC market.
Carrier Global Q3: Strong Orders Supporting FY 2025 Growth
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