Carrier GlobalCARR
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 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
10 analyst ratings
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