Carrier Global (CARR) Stock Price, News & Analysis

Company Overview

Carrier Global Corporation is a leading provider of heating, ventilation, air conditioning (HVAC), refrigeration, fire, security and building automation technologies. The company designs, manufactures and sells a broad portfolio of products and services that enhance indoor comfort, energy efficiency and operational safety for residential, commercial and industrial customers worldwide. Its HVAC offerings include rooftop units, split systems, chillers and controls, while its refrigeration portfolio features compressors, condensers, evaporators and monitoring solutions for cold chains and grocery store operations. Carrier’s fire and security segment delivers life safety systems, intrusion detection, video surveillance and access control platforms.

Formed in April 2020 as a spin-off from United Technologies Corporation, Carrier Global traces its heritage to Willis Carrier’s invention of modern air conditioning in 1902 and the establishment of Carrier Engineering Corporation in 1915. Since becoming an independent publicly traded company, Carrier has continued to focus on innovation in sustainable climate control and digital building technologies. The company invests in research and development aimed at reducing greenhouse gas emissions, improving energy efficiency and integrating Internet of Things (IoT) connectivity across its products.

Carrier operates through a global network of manufacturing facilities, sales offices and service centers, serving customers in North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region. Its offerings support diverse end markets, including healthcare, hospitality, data centers, retail, pharmaceuticals and transportation. Carrier maintains strategic partnerships with distributors, contractors and original equipment manufacturers (OEMs) to ensure comprehensive installation, maintenance and aftermarket support.

Under the leadership of Chairman and Chief Executive Officer David Gitlin, Carrier continues to expand its technology portfolio and geographic footprint. Gitlin, who joined the company in 2020 after a career in industrial technology and manufacturing, emphasizes operational excellence, digital transformation and sustainability as key priorities. With a focus on delivering reliable climate and refrigeration solutions, Carrier positions itself to address evolving regulatory requirements and customer demands for energy-efficient, low-carbon building systems.

Key Stats

• Today's Range: $56.57 to $59.26
• 50-Day Range: $58.08 to $67.69
• 52-Week Range: $54.22 to $83.32
• Volume: 5.63 million shs
• Average Volume: 5.40 million shs
• Market Capitalization: $48.19 billion
• P/E Ratio: 12.34
• Dividend Yield: 1.59%
• Price Target: $78.42
• Consensus Rating: Moderate Buy

Carrier Global Stock Analysis - MarketRank™

Carrier Global scored higher than 97% of companies evaluated by MarketBeat, and ranked 3rd out of 104 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: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Carrier Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 12 buy ratings, 9 hold ratings, and no sell ratings.

Upside Potential

Carrier Global has a consensus price target of $78.42, representing about 38.3% upside from its current price of $56.70.

Amount of Analyst Coverage

Carrier Global has been the subject of 15 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 12.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 231.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carrier Global is 12.36, which means that it is trading at a less expensive P/E ratio than the Construction sector average P/E ratio of about 16.80.

Price to Earnings Growth Ratio

Carrier Global has a PEG Ratio of 1.86. 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 3.53. 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

1.60% 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 2.5, 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 8.21%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Carrier Global pays a meaningful dividend of 1.52%, 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 19.61%. 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

1.60% 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 2.5, 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 8.21%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.96

News Sentiment

Carrier Global has a news sentiment score of 0.96. 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 0.75 average news sentiment score of Construction companies.

News Coverage This Week

MarketBeat has tracked 35 news articles for Carrier Global this week, compared to 26 articles on an average week.

Search Interest

48 people have searched for CARR on MarketBeat in the last 30 days. This is an increase of 66% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Carrier Global to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Carrier Global insiders have not sold or bought any 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 on January 1st, 2025. Since then, CARR stock has decreased by 16.9% and is now trading at $56.6980.

How were Carrier Global's earnings last quarter?

Carrier Global Corporation (NYSE:CARR) released its quarterly earnings data on Tuesday, July, 29th. The company reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $6.11 billion for the quarter, compared to analysts' expectations of $6.08 billion. Carrier Global had a net margin of 18.33% and a trailing twelve-month return on equity of 17.83%.
Read the conference call transcript.

How will Carrier Global's stock buyback program work?

Carrier Global's board authorized a share buyback program on Thursday, October 24th 2024, which authorizes the company to buy back $3,000,000,000 in outstanding 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 an indication that the company's board believes its shares are undervalued.

Who are Carrier Global's major shareholders?

Carrier Global's top institutional shareholders include Assenagon Asset Management S.A. (0.05%), Cardinal Capital Management Inc. (0.04%), Foster Victor Wealth Advisors LLC (0.03%) and Czech National Bank (0.02%). 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

• Record date for 8/8 Dividend: 7/21/2025
• Ex-Dividend for 8/8 Dividend: 7/21/2025
• Last Earnings: 7/29/2025
• Dividend Payable: 8/08/2025
• Today: 10/10/2025
• Next Earnings (Estimated): 10/28/2025
• Record date for 11/18 Dividend: 10/29/2025
• Ex-Dividend for 11/18 Dividend: 10/29/2025
• Dividend Payable: 11/18/2025
• 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 Price Target for Carrier Global: $78.42
• High Price Target: $94.00
• Low Price Target: $65.00
• Potential Upside/Downside: +33.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 21 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.59
• Trailing P/E Ratio: 12.80
• Forward P/E Ratio: 19.67
• P/E Growth: 1.86
• Net Income: $5.60 billion
• Net Margins: 18.33%
• Pretax Margin: 12.57%
• Return on Equity: 17.83%
• Return on Assets: 6.85%

Debt

• Debt-to-Equity Ratio: 0.76
• Current Ratio: 1.17
• Quick Ratio: 0.80

Sales & Book Value

• Annual Sales: $22.46 billion
• Price / Sales: 2.23
• Cash Flow: $3.98 per share
• Price / Cash Flow: 14.78
• Book Value: $16.04 per share
• Price / Book: 3.67

Miscellaneous

• Outstanding Shares: 851,023,000
• Free Float: 789,749,000
• Market Cap: $50.05 billion
• Optionable: Not Optionable
• Beta: 1.25