Carrier Global (CARR) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $75.94 to $77.08
• 50-Day Range: $72.40 to $82.67
• 52-Week Range: $51.20 to $83.32
• Volume: 4.48 million shs
• Average Volume: 4.84 million shs
• Market Capitalization: $69.09 billion
• P/E Ratio: 19.49
• Dividend Yield: 0.99%
• Price Target: $82.31
• Consensus Rating: Moderate Buy

Carrier Global Stock Analysis - MarketRank™

Carrier Global scored higher than 94% of companies evaluated by MarketBeat, and ranked 54th out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Carrier Global has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 7 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Carrier Global has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 19.12%

Earnings Growth

Earnings for Carrier Global are expected to grow by 19.12% in the coming year, from $2.51 to $2.99 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Carrier Global is 19.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.45.

Price to Earnings Ratio vs. Sector

The P/E ratio of Carrier Global is 19.49, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 222.83.

Price to Earnings Growth Ratio

Carrier Global has a PEG Ratio of 2.73. 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 4.59. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.21% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Carrier Global has recently decreased by 20.73%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Carrier Global has a dividend yield of 1.00%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Carrier Global does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Carrier Global is 19.24%. 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 25.42% 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

1.21% 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 2.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Carrier Global has recently decreased by 20.73%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.29

News Sentiment

Carrier Global has a news sentiment score of 1.29. 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 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Carrier Global this week, compared to 17 articles on an average week.

Search Interest

Only 15 people have searched for CARR on MarketBeat in the last 30 days. This is a decrease of -61% compared to the previous 30 days.

MarketBeat Follows

9 people have added Carrier Global to their MarketBeat watchlist in the last 30 days. This is an increase of 80% 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 6.95% 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 $57.45 at the start of the year. Since then, CARR stock has increased by 34.0% and is now trading at $77.00.
View the best growth stocks for 2024 here.

How were Carrier Global's earnings last quarter?

Carrier Global Co. (NYSE:CARR) posted its quarterly earnings data on Thursday, July, 25th. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.85 by $0.02. The company's quarterly revenue was up 11.7% compared to the same quarter last year.
Read the conference call transcript.

How will Carrier Global's stock buyback program work?

Carrier Global's Board of Directors authorized a stock buyback plan on Thursday, October 24th 2024, which permits the company to buy back $3,000,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Who are Carrier Global's major shareholders?

Carrier Global's top institutional shareholders include State Street Corp (3.75%), Geode Capital Management LLC (1.89%), Fisher Asset Management LLC (1.59%) and FMR LLC (0.97%). Insiders that own company stock include 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.
Compare Top Brokerages Here.

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

• Last Earnings: 7/25/2024
• Ex-Dividend for 11/18 Dividend: 10/25/2024
• Dividend Payable: 11/18/2024
• Today: 11/24/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Refrigeration & heating equipment
• Sub-Industry: Machinery
• Current Symbol: NYSE:CARR
• CUSIP: N/A
• CIK: 1783180
• Web: www.corporate.carrier.com
• Phone: 561-365-2000
• Fax: N/A
• Employees: 53,000
• Year Founded: 1902

Price Target and Rating

• Average Stock Price Target: $82.31
• High Stock Price Target: $94.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: +6.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.56
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.95
• Trailing P/E Ratio: 19.49
• Forward P/E Ratio: 30.68
• P/E Growth: 2.73
• Net Income: $1.35 billion
• Net Margins: 14.98%
• Pretax Margin: 22.17%
• Return on Equity: 20.52%
• Return on Assets: 6.66%

Debt

• Debt-to-Equity Ratio: 0.69
• Current Ratio: 1.08
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $22.10 billion
• Price / Sales: 3.13
• Cash Flow: $3.47 per share
• Price / Cash Flow: 22.21
• Book Value: $16.76 per share
• Price / Book: 4.59

Miscellaneous

• Outstanding Shares: 897,230,000
• Free Float: 834,870,000
• Market Cap: $69.09 billion
• Optionable: Not Optionable
• Beta: 1.34