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: 48,000
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
13% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 149
0.44% less ownership
Funds ownership: 81.98% [Q3] → 81.54% (-0.44%) [Q4]
1% less funds holding
Funds holding: 1,526 [Q3] → 1,518 (-8) [Q4]
5% less repeat investments, than reductions
Existing positions increased: 510 | Existing positions reduced: 535
16% less capital invested
Capital invested by funds: $60B [Q3] → $50.4B (-$9.61B) [Q4]
24% less call options, than puts
Call options by funds: $404M | Put options by funds: $532M
61% less funds holding in top 10
Funds holding in top 10: 18 [Q3] → 7 (-11) [Q4]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Citigroup Andrew Kaplowitz 15% 1-year accuracy 13 / 88 met price target | 20%upside $72 | Buy Maintained | 14 Apr 2025 |
JP Morgan Stephen Tusa 42% 1-year accuracy 15 / 36 met price target | 7%upside $64 | Overweight Maintained | 8 Apr 2025 |
Barclays Julian Mitchell 35% 1-year accuracy 44 / 124 met price target | 39%upside $83 | Overweight Maintained | 26 Mar 2025 |
Wolfe Research Nigel Coe 13% 1-year accuracy 1 / 8 met price target | 34%upside $80 | Outperform Upgraded | 24 Feb 2025 |
RBC Capital Deane Dray 22% 1-year accuracy 11 / 51 met price target | 27%upside $76 | Outperform Maintained | 12 Feb 2025 |
Financial journalist opinion
Based on 3 articles about CARR published over the past 30 days
