Carrier Global (CARR) Stock Price, News & Analysis

$66.20
+0.97 (+1.49%)
(As of 11:33 AM ET)
Today's Range
$65.00
$66.32
50-Day Range
$53.38
$65.80
52-Week Range
$40.49
$66.32
Volume
844,587 shs
Average Volume
4.69 million shs
Market Capitalization
$59.65 billion
P/E Ratio
46.29
Dividend Yield
1.15%
Price Target
$62.71

Carrier Global MarketRank™ Stock Analysis

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
3.9% Downside
$62.71 Price Target
Short Interest
Healthy
1.74% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.91
Upright™ Environmental Score
News Sentiment
0.38mentions of Carrier Global in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$16.34 M Sold Last Quarter
Proj. Earnings Growth
7.75%
From $2.84 to $3.06 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.

4.39 out of 5 stars

Computer And Technology Sector

115th out of 584 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

Last Earnings
4/25/2024
Ex-Dividend for 5/22 Dividend
5/02/2024
Today
5/20/2024
Dividend Payable
5/22/2024
Next Earnings (Estimated)
7/25/2024
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
$62.71
High Stock Price Target
$79.00
Low Stock Price Target
$53.00
Potential Upside/Downside
-5.0%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
14 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
8.30%

Debt

Sales & Book Value

Annual Sales
$22.10 billion
Cash Flow
$3.46 per share
Book Value
$10.73 per share

Miscellaneous

Free Float
838,392,000
Market Cap
$59.49 billion
Optionable
Not Optionable
Beta
1.34

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Key Executives


CARR Stock Analysis - Frequently Asked Questions

Should I buy or sell Carrier Global stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carrier Global in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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?

14 Wall Street analysts have issued 1 year price targets for Carrier Global's shares. Their CARR share price targets range from $53.00 to $79.00. On average, they expect the company's share price to reach $62.71 in the next twelve months. This suggests that the stock has a possible downside of 5.3%.
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 on January 1st, 2024. Since then, CARR stock has increased by 15.2% and is now trading at $66.20.
View the best growth stocks for 2024 here
.

When is Carrier Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 25th 2024.
View our CARR earnings forecast
.

How were Carrier Global's earnings last quarter?

Carrier Global Co. (NYSE:CARR) issued its quarterly earnings data on Thursday, April, 25th. The company reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.12. The firm had revenue of $6.18 billion for the quarter, compared to analysts' expectations of $6.27 billion. Carrier Global had a trailing twelve-month return on equity of 26.01% and a net margin of 5.41%.
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, April 18th. Investors of record on Friday, May 3rd will be paid a dividend of $0.19 per share on Wednesday, May 22nd. This represents a $0.76 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, May 2nd.
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 1.17%. 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 53.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CARR will have a dividend payout ratio of 24.84% 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 updated its FY24 earnings guidance on Thursday, April, 25th. The company provided earnings per share (EPS) guidance of $2.80-2.90 for the period, compared to the consensus estimate of $2.82. The company issued revenue guidance of ~$26.0 billion, compared to the consensus revenue estimate of $26.36 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.46%), Capital Research Global Investors (10.25%), Capital International Investors (9.41%), Capital World Investors (6.27%), JPMorgan Chase & Co. (2.56%) and Bank of New York Mellon Corp (0.66%). 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 5/20/2024 by MarketBeat.com Staff

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