Carrier Global (CARR)

• Market cap: $54B
• 1 day: 2.83%
• 5 days: 5.64%
• 1 month: -1.36%
• 3 months: -5.20%
• 6 months: -15.03%
• Year to date: -8.47%
• 1 year: 1.71%
• 5 years: 253.13%
• 10 years: 269.62%
• Sector: Industrials
• Industry: Building Products & Equipment

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: 48,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

13% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 149

0.44% less ownership

Funds ownership: 81.98% [Q3] → 81.54% (-0.44%) [Q4]

0% less funds holding

Funds holding: 1,526 [Q3] → 1,519 (-7) [Q4]

5% less repeat investments, than reductions

Existing positions increased: 510 | Existing positions reduced: 536

16% less capital invested

Capital invested by funds: $59.5B [Q3] → $50B (-$9.53B) [Q4]

24% less call options, than puts

Call options by funds: $404M | Put options by funds: $532M

61% less funds holding in top 10

Funds holding in top 10: 18 [Q3] → 7 (-11) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $64 2% upside
• Avg. target: $74 19% upside
• High target: $83 33% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

Citigroup Andrew Kaplowitz 36% 1-year accuracy 31 / 86 met price target	15% upside $72	Buy Maintained	14 Apr 2025
JP Morgan Stephen Tusa 47% 1-year accuracy 16 / 34 met price target	2% upside $64	Overweight Maintained	8 Apr 2025
Barclays Julian Mitchell 36% 1-year accuracy 46 / 128 met price target	33% upside $83	Overweight Maintained	26 Mar 2025
Wolfe Research Nigel Coe 38% 1-year accuracy 3 / 8 met price target	28% upside $80	Outperform Upgraded	24 Feb 2025
RBC Capital Deane Dray 31% 1-year accuracy 17 / 54 met price target	22% upside $76	Outperform Maintained	12 Feb 2025