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Carrier Global (CARR) Stock Price, News & Analysis

$57.88
+0.20 (+0.35%)
(As of 09:57 AM ET)
Today's Range
$57.50
$57.93
50-Day Range
$53.44
$59.82
52-Week Range
$40.28
$60.87
Volume
221,307 shs
Average Volume
4.83 million shs
Market Capitalization
$52.10 billion
P/E Ratio
36.63
Dividend Yield
1.31%
Price Target
$58.29

Carrier Global MarketRank™ Stock Analysis

Analyst Rating
Hold
2.08 Rating Score
Upside/​Downside
1.1% Upside
$58.29 Price Target
Short Interest
Bearish
2.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.91
Upright™ Environmental Score
News Sentiment
0.12mentions of Carrier Global in the last 14 days
Based on 14 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.

3.54 out of 5 stars

Computer And Technology Sector

217th out of 588 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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Blackstone Finances Sentinel’s Purchase of Fire Unit
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
3/27/2024
Next Earnings (Estimated)
4/23/2024
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
$58.29
High Stock Price Target
$68.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+1.1%
Consensus Rating
Hold
Rating Score (0-4)
2.08
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
$3.44 per share
Book Value
$10.73 per share

Miscellaneous

Free Float
837,546,000
Market Cap
$51.92 billion
Optionable
Not Optionable
Beta
1.39

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Carrier Global was last updated on Monday, March 25, 2024 at 11:30 PM.

Pros

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

  • Carrier Global Co. has a strong market cap of $51.58 billion, indicating stability and potential for growth.
  • Recent Wall Street analyst reports suggest a positive outlook on Carrier Global Co., with a consensus rating of "Hold" and an average price target of $58.29.
  • Carrier Global Co. has a low debt-to-equity ratio of 1.58, which signifies a healthy balance between debt and equity.
  • The company's stock price has been relatively stable, with a 50-day simple moving average of $55.82 and a 200-day simple moving average of $54.51.
  • Institutional investors, including Vanguard Group Inc., have shown confidence in Carrier Global Co. by holding significant shares of the company.

Cons

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

  • Carrier Global Co. has a relatively high P/E ratio of 36.27, which may indicate that the stock is currently overvalued.
  • Despite some positive analyst ratings, there have been sell ratings on the stock, suggesting mixed opinions on its future performance.
  • The company's stock has a beta of 1.39, indicating higher volatility compared to the market average.
  • CEO David L. Gitlin recently sold a significant number of shares, which could raise concerns about insider sentiment towards the company.
  • Carrier Global Co. has faced price target reductions by some analysts, which may reflect uncertainties in its future growth prospects.

CARR Stock Analysis - Frequently Asked Questions

Should I buy or sell Carrier Global stock right now?

13 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 4 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?

13 Wall Street research analysts have issued twelve-month price objectives for Carrier Global's stock. Their CARR share price targets range from $48.00 to $68.00. On average, they expect the company's stock price to reach $58.29 in the next twelve months. This suggests a possible upside of 1.1% 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 increased by 0.4% and is now trading at $57.68.
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 February. As of February 29th, there was short interest totaling 19,530,000 shares, a drop of 11.9% from the February 14th total of 22,160,000 shares. Based on an average daily volume of 4,670,000 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.3% of the company's shares 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 Tuesday, April 23rd 2024.
View our CARR earnings forecast
.

How were Carrier Global's earnings last quarter?

Carrier Global Co. (NYSE:CARR) posted its quarterly earnings results on Tuesday, February, 6th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The company earned $5.10 billion during the quarter, compared to analyst estimates of $5.22 billion. Carrier Global had a net margin of 6.10% and a trailing twelve-month return on equity of 27.19%. Carrier Global's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the business posted $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 announced a quarterly dividend on Wednesday, December 6th. Stockholders of record on Thursday, December 21st will be paid a dividend of $0.19 per share on Friday, February 9th. This represents a $0.76 annualized dividend and a dividend yield of 1.32%. 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 1.32%. 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 updated its FY24 earnings guidance on Tuesday, February, 6th. The company provided earnings per share guidance of $2.80-2.90 for the period, compared to the consensus earnings per share 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 a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.42%), Capital Research Global Investors (10.33%), Capital International Investors (9.02%), Capital World Investors (7.14%), Price T Rowe Associates Inc. MD (1.65%) and Dodge & Cox (1.61%). 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 3/28/2024 by MarketBeat.com Staff

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