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NYSE:CARR

Carrier Global (CARR) Stock Price, News & Analysis

$54.17
+0.64 (+1.20%)
(As of 10:39 AM ET)
Today's Range
$53.50
$54.37
50-Day Range
$53.38
$59.82
52-Week Range
$40.28
$60.87
Volume
1.05 million shs
Average Volume
4.62 million shs
Market Capitalization
$48.76 billion
P/E Ratio
34.29
Dividend Yield
1.40%
Price Target
$61.15

Carrier Global MarketRank™ Stock Analysis

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
12.9% Upside
$61.15 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
0.39mentions of Carrier Global in the last 14 days
Based on 26 Articles This Week
Insider Trading
Selling Shares
$20.63 M Sold Last Quarter
Proj. Earnings Growth
8.87%
From $2.82 to $3.07 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.

4.83 out of 5 stars

Computer And Technology Sector

42nd out of 585 stocks

Refrigeration & Heating Equipment Industry

1st 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

This military-backed stock “owns” AI market
There’s only ONE AI company that matters. It’s not Nvidia, AMD, IBM or any new startup.
Carrier Global Sees Unusually Large Options Volume (NYSE:CARR)
The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
See More 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
4/22/2024
Next Earnings (Confirmed)
4/25/2024
Ex-Dividend for 5/22 Dividend
5/02/2024
Dividend Payable
5/22/2024
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
$61.15
High Stock Price Target
$78.00
Low Stock Price Target
$53.00
Potential Upside/Downside
+14.2%
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
$3.42 per share
Book Value
$10.73 per share

Miscellaneous

Free Float
837,546,000
Market Cap
$48.18 billion
Optionable
Not Optionable
Beta
1.39

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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.
  • Carrier Global Co. operates in multiple segments including HVAC, refrigeration, fire, security, and building automation technologies, providing diversification in its revenue streams.
  • Recent institutional investments and holdings by reputable firms like Vanguard Group Inc. demonstrate confidence in the company's future performance.
  • Carrier Global Co. has a strong market presence with a significant market cap of $51.58 billion, indicating stability and scalability.
  • With a P/E ratio of 36.27 and a price-to-earnings-growth ratio of 2.40, Carrier Global Co. may be considered a growth stock with potential for increased valuation.

Cons

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

  • Carrier Global Co. has faced mixed ratings from analysts, with some issuing sell ratings, which may indicate potential risks or challenges ahead.
  • The stock price of Carrier Global Co. has experienced fluctuations, with a 12-month low of $40.28 and a high of $60.87, suggesting volatility in the market.
  • Debt-to-equity ratio of 1.58 may raise concerns about the company's financial leverage and ability to manage debt effectively.
  • While the company has a quick ratio of 2.40 and a current ratio of 2.73, indicating short-term liquidity, investors should monitor these ratios for any changes that may impact financial health.
  • Carrier Global Co. faces competition in the HVAC, refrigeration, and security sectors, which could potentially impact market share and profitability.
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 Thursday, April 11, 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 year. 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 analysts have issued twelve-month price targets 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 $61.15 in the next year. This suggests a possible upside of 12.9% 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 on January 1st, 2024. Since then, CARR shares have decreased by 5.7% and is now trading at $54.17.
View the best growth stocks for 2024 here
.

Are investors shorting Carrier Global?

Carrier Global saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 14,130,000 shares, a drop 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 presently 2.9 days. Approximately 1.7% of the company's stock 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, 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) posted its earnings results on Tuesday, February, 6th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. The firm 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%. Carrier Global's quarterly revenue was down .1% compared to the same quarter last year. During the same period last year, the firm earned $0.40 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, April 18th. Shareholders of record on Friday, May 3rd will be given 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 1.40%. The ex-dividend date 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 1.42%. 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 24.76% 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 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 institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.23%), Los Angeles Capital Management LLC (0.18%), Wealth Enhancement Advisory Services LLC (0.05%), Gateway Investment Advisers LLC (0.04%), Raub Brock Capital Management LP (0.03%) and State of Michigan Retirement System (0.03%). 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 4/22/2024 by MarketBeat.com Staff

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