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NYSE:CARR

Carrier Global (CARR) Stock Forecast, Price & News

$55.94
+0.86 (+1.56%)
(As of 09/28/2023 ET)
Compare
Today's Range
$54.97
$57.12
50-Day Range
$52.55
$59.80
52-Week Range
$33.10
$60.04
Volume
5.61 million shs
Average Volume
5.11 million shs
Market Capitalization
$46.86 billion
P/E Ratio
22.20
Dividend Yield
1.32%
Price Target
$55.53

Carrier Global MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
0.7% Downside
$55.53 Price Target
Short Interest
Healthy
3.31% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.89
Upright™ Environmental Score
News Sentiment
0.53mentions of Carrier Global in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$10.15 M Sold Last Quarter
Proj. Earnings Growth
8.02%
From $2.62 to $2.83 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.41 out of 5 stars

Computer And Technology Sector

227th out of 601 stocks

Refrigeration & Heating Equipment Industry

2nd out of 4 stocks


CARR stock logo

About Carrier Global (NYSE:CARR) Stock

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Aritech, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

CARR Price History

CARR Stock News Headlines

15 Countries That Have the Best Weather in the World
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
Carrier Sponsors Habitat for Humanity's Carter Work Project
Carrier Global (NYSE:CARR) PT Raised to $59.00 at Morgan Stanley
Better Than Oil Stocks?
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.
How Much Of A No-Brainer Is Carrier Global?
Carrier Global (CARR) Receives a Hold from Wells Fargo
Mizuho Downgrades Carrier Global
See More Headlines
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CARR Company Calendar

Ex-Dividend for 8/10 Dividend
6/22/2023
Last Earnings
7/27/2023
Dividend Payable
8/10/2023
Today
9/28/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Refrigeration & heating equipment
Sub-Industry
N/A
Fax
N/A
Employees
52,000
Year Founded
1902

Price Target and Rating

Average Stock Price Forecast
$55.53
High Stock Price Forecast
$68.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
-1.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
15 Analysts

Profitability

Net Income
$3.53 billion
Pretax Margin
12.73%

Debt

Sales & Book Value

Annual Sales
$20.42 billion
Cash Flow
$3.07 per share
Book Value
$9.66 per share

Miscellaneous

Free Float
834,445,000
Market Cap
$47.23 billion
Optionable
Not Optionable
Beta
1.42

Social Links

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Key Executives

  • Mr. David L. GitlinMr. David L. Gitlin (Age 54)
    Chairman & CEO
    Comp: $4.21M
  • Mr. Patrick P. Goris (Age 51)
    Sr. VP & CFO
    Comp: $1.72M
  • Mr. Jurgen TimpermanMr. Jurgen Timperman (Age 50)
    Pres of Fire & Security
    Comp: $1.24M
  • Mr. Timothy N. White (Age 50)
    Pres of Refrigeration Segment
    Comp: $1.9M
  • Mr. Adrian Button (Age 49)
    Sr. VP of Operations
  • Mr. Hakan Yilmaz
    Sr. VP & CTO
  • Mr. Samuel Joel Pearlstein
    VP of Investor Relations
  • Mr. Kevin James O'Connor (Age 55)
    Sr. VP & Chief Legal Officer
  • Ms. Milena Oliveira
    Sr. VP and Chief Marketing & Communications Officer
  • Ms. Nadia VilleneuveMs. Nadia Villeneuve (Age 50)
    Sr. VP & Chief HR Officer













CARR Stock - Frequently Asked Questions

Should I buy or sell Carrier Global stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last year. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CARR shares.
View CARR analyst ratings
or view top-rated stocks.

What is Carrier Global's stock price forecast for 2023?

15 brokerages have issued 1 year price objectives for Carrier Global's shares. Their CARR share price forecasts range from $42.00 to $68.00. On average, they anticipate the company's stock price to reach $55.53 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for CARR
or view top-rated stocks among Wall Street analysts.

How have CARR shares performed in 2023?

Carrier Global's stock was trading at $41.25 at the beginning of 2023. Since then, CARR stock has increased by 36.7% and is now trading at $56.38.
View the best growth stocks for 2023 here
.

Are investors shorting Carrier Global?

Carrier Global saw a decline in short interest during the month of August. As of August 15th, there was short interest totaling 28,440,000 shares, a decline of 5.2% from the July 31st total of 30,010,000 shares. Based on an average daily trading volume, of 5,350,000 shares, the short-interest ratio is currently 5.3 days. Currently, 3.4% of the shares of the company are short sold.
View Carrier Global's Short Interest
.

When is Carrier Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CARR earnings forecast
.

How were Carrier Global's earnings last quarter?

Carrier Global Co. (NYSE:CARR) released its earnings results on Thursday, July, 27th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.03. The business had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.83 billion. Carrier Global had a net margin of 9.87% and a trailing twelve-month return on equity of 25.42%. The firm's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS.
Read the conference call transcript
.

How often does Carrier Global pay dividends? What is the dividend yield for Carrier Global?

Carrier Global declared a quarterly dividend on Thursday, June 8th. Investors of record on Friday, June 23rd will be given a dividend of $0.185 per share on Thursday, August 10th. This represents a $0.74 annualized dividend and a yield of 1.31%. The ex-dividend date is Thursday, June 22nd.
Read our dividend analysis for CARR
.

Is Carrier Global a good dividend stock?

Carrier Global (NYSE:CARR) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.40%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARR will have a dividend payout ratio of 26.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CARR.

What guidance has Carrier Global issued on next quarter's earnings?

Carrier Global issued an update on its FY23 earnings guidance on Thursday, July, 27th. The company provided earnings per share (EPS) guidance of $2.55-$2.65 for the period, compared to the consensus earnings per share estimate of $2.58. The company issued revenue guidance of $22.0 billion, compared to the consensus revenue estimate of $22.24 billion.

What is David Gitlin's approval rating as Carrier Global's CEO?

1,551 employees have rated Carrier Global Chief Executive Officer David Gitlin on Glassdoor.com. David Gitlin has an approval rating of 76% among the company's employees.

What other stocks do shareholders of Carrier Global own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carrier Global investors own include RTX (RTX), Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Pfizer (PFE), QUALCOMM (QCOM), Cisco Systems (CSCO), Verizon Communications (VZ), CVS Health (CVS) and Intel (INTC).

What is Carrier Global's stock symbol?

Carrier Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "CARR."

Who are Carrier Global's major shareholders?

Carrier Global's stock is owned by many different institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (214.48%), Capital Research Global Investors (9.93%), Capital World Investors (9.64%), Capital International Investors (9.33%), BlackRock Inc. (7.26%) and State Street Corp (4.00%). Insiders that own company stock include Ajay Agrawal, David Appel, Jurgen Timperman, Kyle Crockett and Nadia Villeneuve.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Carrier Global's stock price today?

One share of CARR stock can currently be purchased for approximately $56.38.

How much money does Carrier Global make?

Carrier Global (NYSE:CARR) has a market capitalization of $47.23 billion and generates $20.42 billion in revenue each year. The company earns $3.53 billion in net income (profit) each year or $2.52 on an earnings per share basis.

How many employees does Carrier Global have?

The company employs 52,000 workers across the globe.

How can I contact Carrier Global?

Carrier Global's mailing address is 13995 PASTEUR BOULEVARD, PALM BEACH GARDENS FL, 33418. The official website for the company is www.corporate.carrier.com. The company can be reached via phone at 561-365-2000 or via email at investorrelations@carrier.com.

This page (NYSE:CARR) was last updated on 9/28/2023 by MarketBeat.com Staff

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