Carrier Global
CARR

$69.48

0.64%

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

Industrials Air-Conditioning & Warm Air Heating Equipment & Commercial & Industrial Refrigeration Equipment

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 12 analysts

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

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Research analyst outlook

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

Low target

$70

1%

upside

Avg. target

$74

7%

upside

High target

$81

17%

upside

12 analyst ratings

9 positive

75%

3 neutral

25%

0 negative

0%

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

See Analyst Rankings

Financial journalist opinion

Based on 7 articles about CARR published over the past 30 days

Carrier Global: Transforming Into Pure Play In Climate And Energy Solutions

Carrier Global's stock has surged 24% since February 2024, outperforming the S&P 500, and I reiterate a 'Strong Buy' rating with a fair value of $88 per share. Carrier's strategic divestitures and acquisition of Viessmann Climate Solutions enhance focus on high-growth climate and energy solutions, boosting organic revenue growth and debt reduction. Despite near-term challenges in the European heat pump market and China's property sector, Carrier's aftermarket business shows strong growth potential, reducing overall volatility.

Carrier Global: Transforming Into Pure Play In Climate And Energy Solutions

CNBC Television

Data centers' 'cool' opportunity: Here's what to know

The AI boom is fueling a big race for cooling technology when it comes to data centers. CNBC's Pippa Stevens joins 'Squawk on the Street' with the details.

Data centers' 'cool' opportunity: Here's what to know

Carrier to Present at Morgan Stanley's 12th Annual Laguna Conference

PALM BEACH GARDENS, Fla. , Aug. 28, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) Chairman & CEO David Gitlin and Senior Vice President & CFO Patrick Goris will speak at the 12th Annual Morgan Stanley Laguna Conference on Wednesday, September 11, 2024 at 11:10 a.m.

Carrier to Present at Morgan Stanley's 12th Annual Laguna Conference

Investors Business Daily

Carrier Global, Arch Capital Break Out To New Highs

This HVAC stock hit a buy point and record high Friday. An insurance stock hit a high and is in a buy zone.

Carrier Global, Arch Capital Break Out To New Highs

Carrier to sell commercial and residential fire business to Lone Star Funds unit for $3 billion

Carrier Global Corp. CARR, +0.32% said Thursday it has agreed to sell its commercial and residential fire business to a unit of Lone Star Funds in a deal with an enterprise value of $3 billion. The maker of heating and cooling systems said the move “marks a defining step in our planned business exits critical to our transformational journey to becoming a focused, agile, higher-growth, pure-play company dedicated to creating a more sustainable world for generations to come,” said CEO David Gitlin in prepared remarks.

Carrier to sell commercial and residential fire business to Lone Star Funds unit for $3 billion

Carrier Announces Agreement to Sell Commercial and Residential Fire Business to an Affiliate of Lone Star Funds for $3 Billion

PALM BEACH GARDENS, Fla. , Aug. 15, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, entered into a definitive agreement today to sell its Commercial and Residential Fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion.

Carrier Announces Agreement to Sell Commercial and Residential Fire Business to an Affiliate of Lone Star Funds for $3 Billion

Carrier Announces Reference Yields and Total Considerations for its Cash Tender Offers for its Outstanding Debt Securities

PALM BEACH GARDENS, Fla. , Aug. 9, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) (the "Company") today announced the Reference Yields for its previously announced cash tender offers (the "Tender Offers"), in the order of priority set forth in the table below, for the outstanding notes listed in the table below (collectively, the "Securities" and each, a "series") such that (i) the aggregate purchase price (excluding accrued and unpaid interest) for all Securities purchased in the Tender Offers does not exceed $1.0 billion (the "Aggregate Purchase Price") and (ii) the aggregate principal amount of (x) the Company's 5.900% Notes due 2034 (the "Notes due 2034") purchased in the Tender Offers does not exceed $125,000,000 and (y) the Company's 6.200% Notes due 2054 (the "Notes due 2054") purchased in the Tender Offers does not exceed $350,000,000 (each of (x) and (y), a "Series Tender Cap" and, collectively, the "Series Tender Caps").

Carrier Announces Reference Yields and Total Considerations for its Cash Tender Offers for its Outstanding Debt Securities

Carrier Announces Early Results of its Cash Tender Offers for its Outstanding Debt Securities and Upsize of Aggregate Purchase Price

PALM BEACH GARDENS, Fla. , Aug. 8, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) (the "Company") today announced the early tender results for its previously announced cash tender offers (the "Tender Offers"), in the order of priority set forth in the table below, for the outstanding notes listed in the table below (collectively, the "Securities" and each, a "series") such that (i) the aggregate purchase price (excluding accrued and unpaid interest) for all Securities purchased in the Tender Offers does not exceed $800,000,000 (the "Aggregate Purchase Price") and (ii) the aggregate principal amount of (x) the Company's 5.900% Notes due 2034 (the "Notes due 2034") purchased in the Tender Offers does not exceed $125,000,000 and (y) the Company's 6.200% Notes due 2054 (the "Notes due 2054") purchased in the Tender Offers does not exceed $350,000,000 (each of (x) and (y), a "Series Tender Cap" and, collectively, the "Series Tender Caps").

Carrier Announces Early Results of its Cash Tender Offers for its Outstanding Debt Securities and Upsize of Aggregate Purchase Price

Carrier and Sibi Announce Collaboration to Revolutionize the Future of the HVAC Supply Chain for Home Builders

INDIANAPOLIS , Aug. 6, 2024 /PRNewswire/ -- Carrier and Sibi, a technology platform for supply chains, are collaborating to transform the HVAC industry through enhanced data-driven efficiency and the creation of a new optimized supply chain management system. Carrier is a part of Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions.

Carrier and Sibi Announce Collaboration to Revolutionize the Future of the HVAC Supply Chain for Home Builders

Sensitech Completes Acquisition of Berlinger & Co. Monitoring Solutions Expanding Life Sciences Cold Chain Solutions

BEVERLY, Mass. , Aug. 2, 2024 /PRNewswire/ -- Carrier Global Corporation, on behalf of its Sensitech business, a world leader in supply chain visibility, has completed its acquisition of the Monitoring Solutions business of Berlinger & Co. AG, a Swiss family-owned company that specializes in innovative and customized solutions for monitoring temperature-sensitive goods in the pharmaceutical and life science, clinical trial and global health segments.

Sensitech Completes Acquisition of Berlinger & Co. Monitoring Solutions Expanding Life Sciences Cold Chain Solutions

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