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Carrier Global Corporation (CARR)

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72.79 +0.20 (+0.28%)
As of 2:41 PM EST. Market Open.
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DELL
  • Previous Close 72.59
  • Open 72.34
  • Bid 72.80 x 800
  • Ask 72.84 x 800
  • Day's Range 72.31 - 73.60
  • 52 Week Range 49.62 - 83.32
  • Volume 1,554,565
  • Avg. Volume 3,504,290
  • Market Cap (intraday) 65.309B
  • Beta (5Y Monthly) 1.19
  • PE Ratio (TTM) 42.82
  • EPS (TTM) 1.70
  • Earnings Date Feb 4, 2025 - Feb 10, 2025
  • Forward Dividend & Yield 0.76 (1.05%)
  • Ex-Dividend Date Oct 25, 2024
  • 1y Target Est 81.43

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.

www.corporate.carrier.com

53,000

Full Time Employees

December 31

Fiscal Year Ends

Recent News: CARR

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Performance Overview: CARR

Trailing total returns as of 11/4/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

CARR
27.81%
S&P 500
20.05%

1-Year Return

CARR
45.80%
S&P 500
31.38%

3-Year Return

CARR
46.33%
S&P 500
22.86%

5-Year Return

CARR
506.58%
S&P 500
137.65%

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Statistics: CARR

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Valuation Measures

Annual
As of 11/1/2024
  • Market Cap

    65.13B

  • Enterprise Value

    75.78B

  • Trailing P/E

    42.70

  • Forward P/E

    24.04

  • PEG Ratio (5yr expected)

    1.73

  • Price/Sales (ttm)

    2.63

  • Price/Book (mrq)

    4.43

  • Enterprise Value/Revenue

    3.06

  • Enterprise Value/EBITDA

    19.57

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    14.00%

  • Return on Assets (ttm)

    4.18%

  • Return on Equity (ttm)

    13.93%

  • Revenue (ttm)

    24.8B

  • Net Income Avi to Common (ttm)

    1.54B

  • Diluted EPS (ttm)

    1.70

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.22B

  • Total Debt/Equity (mrq)

    85.61%

  • Levered Free Cash Flow (ttm)

    1.35B

Research Analysis: CARR

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 5.98B
Earnings 447M
Q4'23
Q1'24
Q2'24
Q3'24
0
2B
4B
6B
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

66.00 Low
81.43 Average
72.79 Current
95.00 High
 

Company Insights: CARR

Research Reports: CARR

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  • Carrier's Transformation Is Nearing Conclusion

    Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.

    Rating
    Price Target
     
  • Carrier Earnings: Transformation Nearing Completion; Viessmann Acquisition Weighs on Results

    Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.

    Rating
    Price Target
     
  • Carrier to Sell Commercial and Residential Fire Business for $3 Billion

    Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.

    Rating
    Price Target
     
  • August had a little bit of everything for investors, with a sharp three-day slide to begin the month, a mini flash-crash on August 5, an amazing turnaround and "V" bottom until August 21, and then a sideways pause to finish.

    August had a little bit of everything for investors, with a sharp three-day slide to begin the month, a mini flash-crash on August 5, an amazing turnaround and "V" bottom until August 21, and then a sideways pause to finish. We also saw a number of breadth thrusts during the recovery, and generally those are a good thing. As far as the S&P 500 (SPX) is concerned, the formation since the peak on July 16 looks like a bullish "V" bottom with a handle. A break with follow-through above the all-time high of 5,667 would complete the pattern and open the door to a number of possible measured moves based on the size of the formation. A minimum 62%-79% Fibonacci extension targets the 6,010 to 6,105 region; a 100% extension equates to a move to 6,220; and a 127%-162% extension targets the 6,370-6,560 area. If the market fails near the prior high and gives up its recent gains -- which we do not expect -- a double top will be confirmed on a strong break of the August 5 closing low at 5,186. The SPX rose 2.3% in August, the Nasdaq eked out 0.7%, and the QQQ was up 1.1%, All three majors traced out bullish monthly hammer candlesticks. Sector strength was broad and defensive, with Consumer Staples and Real Estate popping 6%, Healthcare and Utilities gaining 5%, Financials up 4.5%, Industrials tacking on 2.8%, Materials adding 2.3%, Communication Services up 1.8%, Technology higher by 0.7%, and Discretionary flat. Energy was the only loser, off 2%. The entire yield curve fell below 4%, with the two-10 inversion at one basis point. The yield curve has been inverted for over two years. (Mark Arbeter, CMT)

     

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