S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Closing prices for crude oil, gold and other commodities
How major US stock indexes fared Friday, 4/12/2024
5 Trends You Need to Know This Quarter
MarketBeat Week in Review – 4/8 - 4/12
Faced with possibly paying for news, Google removes links to California news sites for some users
The US and UK restrict the trade of Russian-origin metals
US Steel shareholders approve takeover by Japan's Nippon Steel opposed by Biden administration

Carrier Global (CARR) Stock Price, News & Analysis

$56.84
+0.22 (+0.39%)
(As of 04/12/2024 ET)
Today's Range
$55.96
$56.93
50-Day Range
$53.44
$59.82
52-Week Range
$40.28
$60.87
Volume
5.65 million shs
Average Volume
3.81 million shs
Market Capitalization
$51.16 billion
P/E Ratio
35.97
Dividend Yield
1.34%
Price Target
$60.77

Carrier Global MarketRank™ Stock Analysis

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
6.9% Upside
$60.77 Price Target
Short Interest
Healthy
1.68% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.91
Upright™ Environmental Score
News Sentiment
0.41mentions of Carrier Global in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$20.63 M Sold Last Quarter
Proj. Earnings Growth
9.57%
From $2.82 to $3.09 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.14 out of 5 stars

Computer And Technology Sector

149th out of 597 stocks

Refrigeration & Heating Equipment Industry

3rd out of 4 stocks

CARR stock logo

About Carrier Global Stock (NYSE:CARR)

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally. 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, heat pumps, 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. This segment also offers fire and security service, such as audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. It 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. Carrier Global Corporation was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

CARR Stock Price History

CARR Stock News Headlines

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Company Calendar

Ex-Dividend for 2/9 Dividend
12/20/2023
Last Earnings
2/06/2024
Dividend Payable
2/09/2024
Today
4/13/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Refrigeration & heating equipment
Sub-Industry
N/A
Fax
N/A
Employees
53,000
Year Founded
1902

Price Target and Rating

Average Stock Price Target
$60.77
High Stock Price Target
$78.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+6.9%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
13 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
9.43%

Debt

Sales & Book Value

Annual Sales
$22.10 billion
Cash Flow
$3.43 per share
Book Value
$10.73 per share

Miscellaneous

Free Float
837,546,000
Market Cap
$51.16 billion
Optionable
Not Optionable
Beta
1.39

Social Links

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Key Executives

Should I Buy Carrier Global Stock? CARR Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Carrier Global Co.:

  • Carrier Global Co. has shown consistent growth potential, as indicated by Wall Street analysts' ratings and price targets.
  • The company operates in multiple segments including HVAC, refrigeration, and fire & security, providing diversification in its revenue streams.
  • Carrier Global Co. has a strong market presence both domestically and internationally, offering stability and growth opportunities.
  • With a current stock price of $57.31, investors may find the stock price attractive for potential returns.
  • Recent institutional investments and modifications by key players like Vanguard Group Inc. indicate confidence in the company's future prospects.

Cons

Investors should be bearish about investing in Carrier Global Co. for these reasons:

  • Carrier Global Co. faces competition in the HVAC, refrigeration, and security sectors, which could impact its market share and profitability.
  • The company's debt-to-equity ratio of 1.58 may raise concerns about its financial leverage and ability to manage debt effectively.
  • While the company has a diverse product portfolio, economic downturns or industry-specific challenges could affect its overall performance.
  • Carrier Global Co.'s stock price volatility, with a beta of 1.39, may pose risks for investors seeking stable returns.
  • Analysts have issued sell ratings on the stock, indicating potential uncertainties or challenges in the company's future growth trajectory.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 6, 2024. Please send any questions or comments about these Carrier Global pros and cons to contact@marketbeat.com.

CARR Stock Analysis - Frequently Asked Questions

Should I buy or sell Carrier Global stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CARR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CARR, but not buy additional shares or sell existing shares.
View CARR analyst ratings
or view top-rated stocks.

What is Carrier Global's stock price target for 2024?

13 equities research analysts have issued twelve-month target prices for Carrier Global's stock. Their CARR share price targets range from $53.00 to $78.00. On average, they expect the company's stock price to reach $60.77 in the next twelve months. This suggests a possible upside of 6.9% from the stock's current price.
View analysts price targets for CARR
or view top-rated stocks among Wall Street analysts.

How have CARR shares performed in 2024?

Carrier Global's stock was trading at $57.45 at the beginning of 2024. Since then, CARR stock has decreased by 1.1% and is now trading at $56.84.
View the best growth stocks for 2024 here
.

Are investors shorting Carrier Global?

Carrier Global saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 14,130,000 shares, a decline of 30.6% from the March 15th total of 20,360,000 shares. Based on an average daily volume of 4,890,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.7% of the shares of the company are sold short.
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, April 25th 2024.
View our CARR earnings forecast
.

How can I listen to Carrier Global's earnings call?

Carrier Global will be holding an earnings conference call on Thursday, April 25th at 7:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Carrier Global's earnings last quarter?

Carrier Global Co. (NYSE:CARR) issued its quarterly earnings data on Tuesday, February, 6th. The company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a trailing twelve-month return on equity of 27.19% and a net margin of 6.10%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 earnings per share.
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 Wednesday, December 6th. Shareholders of record on Thursday, December 21st will be given a dividend of $0.19 per share on Friday, February 9th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Wednesday, December 20th. This is an increase from the stock's previous quarterly dividend of $0.19.
Read our dividend analysis for CARR
.

Is Carrier Global a good dividend stock?

Carrier Global (NYSE:CARR) pays an annual dividend of $0.76 per share and currently has a dividend yield of 1.34%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARR will have a dividend payout ratio of 24.60% 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 FY24 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of $2.80-2.90 for the period, compared to the consensus EPS estimate of $2.85. The company issued revenue guidance of ~$26.5 billion, compared to the consensus revenue estimate of $23.03 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).

Who are Carrier Global's major shareholders?

Carrier Global's stock is owned by many different retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.18%), Gateway Investment Advisers LLC (0.04%), M. Kraus & Co (0.02%), CHURCHILL MANAGEMENT Corp (0.02%), Contravisory Investment Management Inc. (0.01%) and Meyer Handelman Co. (0.01%). Insiders that own company stock include Ajay Agrawal, David Appel, David L Gitlin, Jurgen Timperman, Kevin J O'connor, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CARR) was last updated on 4/13/2024 by MarketBeat.com Staff

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