Carrier Global (CARR) Stock Price, News & Analysis

Company Overview

Carrier Global Corporation is a leading provider of heating, ventilating, air conditioning (HVAC), refrigeration, fire and security solutions. The company designs, manufactures and distributes a broad portfolio of products and services that enhance environmental comfort and safety across residential, commercial and industrial settings. Carrier’s offerings range from air conditioners, chillers and heat pumps to refrigeration systems and fire suppression equipment, tailored to meet diverse customer requirements.

Established in 1915 by Willis Carrier, the inventor of modern air conditioning, the company has played a pivotal role in shaping global climate control technologies. Over the decades, Carrier has introduced numerous innovations, from centrifugal refrigeration machines to advanced variable refrigerant flow systems. In 2020, Carrier Global emerged as an independent, publicly traded company following its separation from a larger industrial conglomerate, enabling a sharper focus on its core businesses and strategic growth initiatives.

Carrier serves customers in more than 160 countries and territories through a network of manufacturing facilities, research and development centers, and service operations. Its solutions cater to a wide range of end markets, including commercial buildings, data centers, cold chain logistics, food retail, transportation and residential properties. The company’s global footprint is supported by a network of channel partners, authorized dealers and service specialists, ensuring comprehensive coverage and local expertise.

Under the leadership of Chairman and CEO David Gitlin, Carrier is pursuing a strategy centered on sustainability, digitalization and customer-centric innovation. The executive team has prioritized investments in smart building technologies, connected solutions and carbon-reducing refrigerants to align with evolving regulatory standards and environmental goals. With a commitment to operational excellence and technological advancement, Carrier continues to strengthen its position as a trusted provider of essential climate control and safety systems worldwide.

Key Stats

• Today's Range: $75.25 to $75.83
• 50-Day Range: $60.05 to $75.85
• 52-Week Range: $54.22 to $83.32
• Volume: 1.42 million shs
• Average Volume: 4.68 million shs
• Market Capitalization: $64.55 billion
• P/E Ratio: 11.65
• Dividend Yield: 1.20%
• Price Target: $83.82
• Consensus Rating: Moderate Buy

Carrier Global Stock Analysis - MarketRank™

Carrier Global scored higher than 97% of companies evaluated by MarketBeat, and ranked 22nd out of 297 stocks in the construction sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Carrier Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.72, and is based on 11 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Carrier Global has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 12.37%

Earnings Growth

Earnings for Carrier Global are expected to grow by 12.37% in the coming year, from $2.99 to $3.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Carrier Global is 11.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 25.57.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carrier Global is 11.65, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 16.66.

Price to Earnings Growth Ratio

Carrier Global has a PEG Ratio of 2.08. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Carrier Global has a P/B Ratio of 4.69. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.96% of the float of Carrier Global has been sold short.

Short Interest Ratio / Days to Cover

Carrier Global has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Carrier Global has recently increased by 0.64%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Carrier Global pays a meaningful dividend of 1.20%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Carrier Global has only been increasing its dividend for 4 years.

Dividend Coverage

The dividend payout ratio of Carrier Global is 13.93%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Carrier Global will have a dividend payout ratio of 26.79% next year. This indicates that Carrier Global will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.3 / 5
• Environmental Score: -2.91

Percentage of Shares Shorted

1.96% of the float of Carrier Global has been sold short.

Short Interest Ratio / Days to Cover

Carrier Global has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Carrier Global has recently increased by 0.64%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.98

News Sentiment

Carrier Global has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 30 news articles for Carrier Global this week, compared to 20 articles on an average week.

Search Interest

Only 14 people have searched for CARR on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Carrier Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Carrier Global insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $299,999,978.00 in company stock.

Percentage Held by Insiders

Only 7.20% of the stock of Carrier Global is held by insiders.

Percentage Held by Institutions

91.00% of the stock of Carrier Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CARR Stock Analysis - Frequently Asked Questions

How have CARR shares performed this year?

Carrier Global's stock was trading at $68.26 at the start of the year. Since then, CARR shares have increased by 10.3% and is now trading at $75.29.

How were Carrier Global's earnings last quarter?

Carrier Global Corporation (NYSE:CARR) announced its earnings results on Thursday, May, 1st. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. Carrier Global's revenue for the quarter was down 3.7% on a year-over-year basis.
Read the conference call transcript.

How will Carrier Global's stock buyback program work?

Carrier Global's Board of Directors authorized a share repurchase program on Thursday, October 24th 2024, which authorizes the company to buy back $3,000,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 4.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Who are Carrier Global's major shareholders?

Carrier Global's top institutional shareholders include Confluence Investment Management LLC (0.03%), Jacobs & Co. CA (0.02%), Central Pacific Bank Trust Division and Cullen Investment Group LTD.. Insiders that own company stock include Maximilian Viessmann, David L Gitlin, Ajay Agrawal, Nadia Villeneuve, Kyle Crockett and Jurgen Timperman.
View institutional ownership trends.

How do I buy shares of Carrier Global?

Shares of CARR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Carrier Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Carrier Global investors own include Chevron (CVX), Bristol Myers Squibb (BMY), Comcast (CMCSA), Edwards Lifesciences (EW), Charles Schwab (SCHW), McKesson (MCK) and Yum! Brands (YUM).

Company Calendar

• Last Earnings: 5/01/2025
• Record date for 5/22 Dividend: 5/02/2025
• Ex-Dividend for 5/22 Dividend: 5/02/2025
• Dividend Payable: 5/22/2025
• Today: 7/03/2025
• Record date for 8/8 Dividend: 7/21/2025
• Ex-Dividend for 8/8 Dividend: 7/21/2025
• Next Earnings (Estimated): 7/24/2025
• Dividend Payable: 8/08/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Construction
• Industry: BLDG PRD - AIR/HT
• Sub-Industry: Machinery
• Current Symbol: NYSE:CARR
• CIK: 1783180
• Web: www.corporate.carrier.com
• Phone: 561-365-2000
• Fax: N/A
• Employees: 48,000
• Year Founded: 1902

Price Target and Rating

• Average Stock Price Target: $83.82
• High Stock Price Target: $96.00
• Low Stock Price Target: $72.00
• Potential Upside/Downside: +11.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.72
• Research Coverage: 18 Analysts

Profitability

• EPS (Trailing Twelve Months): $6.46
• Trailing P/E Ratio: 11.65
• Forward P/E Ratio: 25.18
• P/E Growth: 2.08
• Net Income: $5.60 billion
• Net Margins: 25.45%
• Pretax Margin: 11.19%
• Return on Equity: 18.10%
• Return on Assets: 6.76%

Debt

• Debt-to-Equity Ratio: 0.78
• Current Ratio: 1.20
• Quick Ratio: 0.83

Sales & Book Value

• Annual Sales: $22.49 billion
• Price / Sales: 2.87
• Cash Flow: $4.05 per share
• Price / Cash Flow: 18.60
• Book Value: $16.04 per share
• Price / Book: 4.69

Miscellaneous

• Outstanding Shares: 857,310,000
• Free Float: 795,584,000
• Market Cap: $64.55 billion
• Optionable: Not Optionable
• Beta: 1.31