Carrier GlobalCARR
Market Cap: 60.2B
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 Q1 SEC filings by fund managers ($100M+ AUM)
110% more call options, than puts
Call options by funds: $294M | Put options by funds: $140M
3% more first-time investments, than exits
New positions opened: 125 | Existing positions closed: 121
0% more funds holding
Funds holding: 1,361 [Q4 2023] → 1,365 (+4) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 8 [Q4 2023] → 8 (+0) [Q1 2024]
0% less capital invested
Capital invested by funds: $43.6B [Q4 2023] → $43.4B (-$163M) [Q1 2024]
7.38% less ownership
Funds ownership: 90.44% [Q4 2023] → 83.06% (-7.38%) [Q1 2024]
18% less repeat investments, than reductions
Existing positions increased: 436 | Existing positions reduced: 530
Research analyst outlook
17 Wall Street Analysts provided 1 year price forecasts over the past 6 months
17 analyst ratings
Oppenheimer Noah Kaye | 5%upside $70 | Outperform Maintained | 26 Jul 2024 |
RBC Capital Deane Dray | 8%upside $72 | Outperform Reiterated | 26 Jul 2024 |
Baird Timothy Wojs | 11%upside $74 | Outperform Maintained | 26 Jul 2024 |
Baird Timothy Wojs | 12%upside $75 | Outperform Upgraded | 15 Jul 2024 |
Oppenheimer Noah Kaye | 6%upside $71 | Outperform Maintained | 27 Jun 2024 |
Financial journalist opinion
Based on 21 articles about CARR published over the past 30 days