Carrier GlobalCARR
About: 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.
Employees: 53,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
95% more call options, than puts
Call options by funds: $331M | Put options by funds: $170M
35% more first-time investments, than exits
New positions opened: 144 | Existing positions closed: 107
25% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 10 (+2) [Q2]
9% more capital invested
Capital invested by funds: $44.2B [Q1] → $48.1B (+$3.86B) [Q2]
3% more funds holding
Funds holding: 1,386 [Q1] → 1,423 (+37) [Q2]
0.69% less ownership
Funds ownership: 84.61% [Q1] → 83.92% (-0.69%) [Q2]
16% less repeat investments, than reductions
Existing positions increased: 453 | Existing positions reduced: 538
Research analyst outlook
14 Wall Street Analysts provided 1 year price targets over the past 3 months
14 analyst ratings
JP Morgan Stephen Tusa 65% 1-year accuracy 15 / 23 met price target | 3%upside $83 | Neutral Reinstated | 10 Oct 2024 |
Wells Fargo Joe O'Dea 75% 1-year accuracy 12 / 16 met price target | 2%upside $82 | Equal-Weight Maintained | 7 Oct 2024 |
Barclays Julian Mitchell 70% 1-year accuracy 59 / 84 met price target | 12%upside $90 | Overweight Maintained | 2 Oct 2024 |
Oppenheimer Noah Kaye 85% 1-year accuracy 45 / 53 met price target | 9%upside $88 | Outperform Maintained | 2 Oct 2024 |
B of A Securities Andrew Obin 74% 1-year accuracy 14 / 19 met price target | 1%downside $80 | Neutral Maintained | 13 Sept 2024 |
Financial journalist opinion
Based on 16 articles about CARR published over the past 30 days