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Industrials - Construction - NYSE - US
$ 74.53
-0.587 %
$ 66.9 B
Market Cap
43.84
P/E
1. INTRINSIC VALUE

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. 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, 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.[ Read More ]

The intrinsic value of one CARR stock under the base case scenario is HIDDEN Compared to the current market price of 74.5 USD, Carrier Global Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart CARR

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FINANCIALS
22.1 B REVENUE
8.21%
2.3 B OPERATING INCOME
-4.85%
1.44 B NET INCOME
-59.82%
2.61 B OPERATING CASH FLOW
49.57%
-660 M INVESTING CASH FLOW
-37.82%
4.61 B FINANCING CASH FLOW
257.35%
5.98 B REVENUE
-10.54%
763 M OPERATING INCOME
4.09%
533 M NET INCOME
-77.19%
-269 M OPERATING CASH FLOW
-40.76%
1.16 B INVESTING CASH FLOW
-75.89%
-1.54 B FINANCING CASH FLOW
59.21%
Balance Sheet Decomposition Carrier Global Corporation
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Current Assets 18.8 B
Cash & Short-Term Investments 10 B
Receivables 2.79 B
Other Current Assets 5.98 B
Non-Current Assets 14 B
Long-Term Investments 1.14 B
PP&E 2.78 B
Other Non-Current Assets 10.1 B
Current Liabilities 6.89 B
Accounts Payable 2.74 B
Short-Term Debt 51 M
Other Current Liabilities 4.1 B
Non-Current Liabilities 16.9 B
Long-Term Debt 14.6 B
Other Non-Current Liabilities 2.29 B
EFFICIENCY
Earnings Waterfall Carrier Global Corporation
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Revenue 22.1 B
Cost Of Revenue 15.7 B
Gross Profit 6.38 B
Operating Expenses 3.92 B
Operating Income 2.3 B
Other Expenses 856 M
Net Income 1.44 B
RATIOS
28.88% GROSS MARGIN
28.88%
10.39% OPERATING MARGIN
10.39%
6.10% NET MARGIN
6.10%
15.55% ROE
15.55%
4.11% ROA
4.11%
6.91% ROIC
6.91%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Carrier Global Corporation
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Net Income 1.44 B
Depreciation & Amortization 542 M
Capital Expenditures -469 M
Stock-Based Compensation 81 M
Change in Working Capital 616 M
Others 211 M
Free Cash Flow 2.14 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Carrier Global Corporation
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Wall Street analysts predict an average 1-year price target for CARR of $78.4 , with forecasts ranging from a low of $65 to a high of $95 .
CARR Lowest Price Target Wall Street Target
65 USD -12.79%
CARR Average Price Target Wall Street Target
78.4 USD 5.14%
CARR Highest Price Target Wall Street Target
95 USD 27.47%
4. DIVIDEND ANALYSIS
0.25% DIVIDEND YIELD
0.19 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Carrier Global Corporation
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Sold
0-3 MONTHS
13.2 M USD 2
3-6 MONTHS
5.65 M USD 3
6-9 MONTHS
18.7 M USD 2
9-12 MONTHS
22.2 M USD 4
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
1 week ago
Nov 07, 2024
Sell 889 K USD
Crockett Kyle
VP, Controller & CAO
- 11647
76.3357 USD
1 week ago
Nov 06, 2024
Sell 12.3 M USD
O'Connor Kevin J.
Senior VP & CLO
- 167183
73.4626 USD
3 months ago
Aug 08, 2024
Sell 4.03 M USD
Agrawal Ajay
Senior VP, Strategy & Services
- 62382
64.55 USD
5 months ago
May 21, 2024
Sell 306 K USD
Crockett Kyle
VP, Controller & CAO
- 4611
66.392 USD
6 months ago
May 16, 2024
Sell 1.31 M USD
O'Connor Kevin J.
Senior VP & CLO
- 20000
65.7312 USD
6 months ago
May 10, 2024
Sell 6.44 M USD
Villeneuve Nadia
Senior VP & CHRO
- 98428
65.4048 USD
6 months ago
Apr 29, 2024
Sell 2.4 M USD
Timperman Jurgen
President, Fire & Security
- 38794
61.7544 USD
6 months ago
Apr 29, 2024
Sell 7.51 M USD
Timperman Jurgen
President, Fire & Security
- 121121
62.0162 USD
6 months ago
Apr 29, 2024
Sell 2.4 M USD
Timperman Jurgen
President, Fire & Security
- 38858
61.6369 USD
9 months ago
Feb 08, 2024
Sell 19.2 M USD
Gitlin David L.
Chairman and CEO
- 354539
54.1635 USD
9 months ago
Feb 08, 2024
Sell 1.43 M USD
O'Connor Kevin J.
Senior VP & CLO
- 26551
53.7711 USD
9 months ago
Feb 08, 2024
Sell 291 K USD
Crockett Kyle
Vice President, Controller
- 5395
53.971 USD
9 months ago
Feb 08, 2024
Sell 366 K USD
Crockett Kyle
Vice President, Controller
- 6775
53.951 USD
11 months ago
Dec 15, 2023
Sell 957 K USD
Agrawal Ajay
Senior VP, Strategy & Services
- 16500
57.9857 USD
1 year ago
Jul 31, 2023
Sell 1.95 M USD
Timperman Jurgen
President, Fire & Security
- 33000
59.2 USD
1 year ago
Jul 31, 2023
Sell 5.19 M USD
Timperman Jurgen
President, Fire & Security
- 87811
59.1403 USD
1 year ago
Jul 31, 2023
Sell 4.55 M USD
Timperman Jurgen
President, Fire & Security
- 76639
59.377 USD
1 year ago
Jul 31, 2023
Sell 404 K USD
Crockett Kyle
Vice President, Controller
- 6817
59.2152 USD
1 year ago
Jun 08, 2023
Sell 3.35 M USD
Timperman Jurgen
President, Fire & Security
- 74419
45.0066 USD
1 year ago
Jun 08, 2023
Sell 6.25 M USD
Timperman Jurgen
President, Fire & Security
- 138956
45.0066 USD
1 year ago
May 26, 2023
Sell 866 K USD
O'Connor Kevin J.
Senior VP & CLO
- 21049
41.1273 USD
1 year ago
Mar 02, 2023
Sell 3.28 K USD
Villeneuve Nadia
Senior VP & CHRO
- 72
45.571 USD
1 year ago
Mar 02, 2023
Sell 173 K USD
Villeneuve Nadia
Senior VP & CHRO
- 3794
45.4806 USD
1 year ago
Mar 02, 2023
Sell 758 K USD
Villeneuve Nadia
Senior VP & CHRO
- 16672
45.4421 USD
1 year ago
Feb 13, 2023
Sell 9.67 M USD
Nelson Christopher John
President, HVAC
- 213353
45.3026 USD
1 year ago
Feb 09, 2023
Sell 478 K USD
Crockett Kyle
Vice President, Controller
- 10433
45.8524 USD
1 year ago
Nov 29, 2022
Sell 68.3 K USD
Timperman Jurgen
President, Fire & Security
- 1567
43.5618 USD
1 year ago
Nov 29, 2022
Sell 762 K USD
Timperman Jurgen
President, Fire & Security
- 17491
43.5618 USD
1 year ago
Nov 29, 2022
Sell 1.17 M USD
Timperman Jurgen
President, Fire & Security
- 26804
43.5015 USD
1 year ago
Nov 29, 2022
Sell 1.72 M USD
Timperman Jurgen
President, Fire & Security
- 39475
43.5445 USD
1 year ago
Nov 29, 2022
Sell 1.17 M USD
Timperman Jurgen
President, Fire & Security
- 26831
43.5835 USD
1 year ago
Nov 29, 2022
Sell 1.3 M USD
Timperman Jurgen
President, Fire & Security
- 29859
43.6357 USD
2 years ago
Feb 04, 2022
Sell 168 K USD
Crockett Kyle
Vice President, Controller
- 3682
45.7252 USD
3 years ago
Nov 12, 2021
Sell 102 K USD
Timperman Jurgen
President, Fire & Security
- 1822
56.0544 USD
3 years ago
Nov 12, 2021
Sell 560 K USD
Timperman Jurgen
President, Fire & Security
- 9994
56.0544 USD
3 years ago
Nov 12, 2021
Sell 1.19 M USD
Timperman Jurgen
President, Fire & Security
- 21220
56.0544 USD
3 years ago
Aug 19, 2021
Sell 153 K USD
Agrawal Ajay
Senior VP, Strategy & Services
- 2769
55.1334 USD
3 years ago
Aug 19, 2021
Sell 161 K USD
Agrawal Ajay
Senior VP, Strategy & Services
- 2916
55.1334 USD
3 years ago
Aug 19, 2021
Sell 174 K USD
Agrawal Ajay
Senior VP, Strategy & Services
- 3159
55.1334 USD
3 years ago
Aug 19, 2021
Sell 248 K USD
Agrawal Ajay
Senior VP, Strategy & Services
- 4504
55.1334 USD
3 years ago
Aug 19, 2021
Sell 310 K USD
Agrawal Ajay
Senior VP, Strategy & Services
- 5621
55.1334 USD
3 years ago
Aug 17, 2021
Sell 5.32 M USD
Nelson Christopher John
President, HVAC
- 96583
55.0779 USD
3 years ago
Aug 04, 2021
Sell 465 K USD
Appel David
President, Refrigeration
- 8105
57.3779 USD
3 years ago
Aug 04, 2021
Sell 1.5 M USD
Appel David
President, Refrigeration
- 26154
57.3779 USD
3 years ago
Mar 12, 2021
Sell 1.08 M USD
Timperman Jurgen
President, Fire & Security
- 27486
39.2333 USD
3 years ago
Feb 23, 2021
Sell 408 USD
Timperman Jurgen
President, Fire & Security
- 11
37.1 USD
3 years ago
Feb 11, 2021
Sell 132 K USD
Crockett Kyle
Vice President, Controller
- 3578
36.872 USD
4 years ago
May 27, 2020
Sell 149 USD
O'Connor Kevin J.
Senior Vice President & CLO
- 7.4647
19.99 USD
4 years ago
May 18, 2020
Bought 1 M USD
Gitlin David L.
President & CEO
+ 57580
17.4499 USD
4 years ago
May 18, 2020
Bought 610 K USD
GREISCH JOHN J
Director
+ 35000
17.4376 USD
7. News
Carrier Global Corporation (CARR) Baird's 2024 Global Industrial Conference (Transcript) Carrier Global Corporation (NYSE:CARR ) Baird's 2024 Global Industrial Conference November 12, 2024 11:50 AM ET Company Participants David Gitlin - Chairman & Chief Executive Officer Patrick Goris - Senior Vice President & Chief Financial Officer Conference Call Participants Timothy Wojs - Robert W. Baird & Co. Timothy Wojs Good morning, everybody. seekingalpha.com - 1 day ago
Carrier Honored with World Environment Center's 2024 Gold Medal Award for Corporate Sustainability GE Aerospace's Chairman and CEO, H. Lawrence Culp, Jr., Presented Carrier with Prestigious Award PALM BEACH GARDENS, Fla. prnewswire.com - 2 days ago
Carrier to Present at Baird's 2024 Global Industrial Conference PALM BEACH GARDENS, Fla. , Nov. 4, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) Chairman & CEO David Gitlin and Senior Vice President & CFO Patrick Goris will speak at the Baird 2024 Global Industrial Conference on Tuesday, November 12, 2024 at 11:50 a.m. prnewswire.com - 1 week ago
Carrier Global Q3: Don't Lose Your Cool Over Updated Guidance Carrier Global Corp. is completing its transformation into a focused HVAC and transport refrigeration company, with higher growth and exposure to secular trends. The 9% price drop post-earnings release seems unjustified, given the guidance reduction was only because of a divestment, not a change in the ongoing business. North American HVAC growth remains strong, and Viessmann's performance is improving with resumed German heat pump subsidies, contributing to a positive 2025 outlook. seekingalpha.com - 3 weeks ago
Carrier Global Q3: Strong Orders Supporting FY 2025 Growth I reiterate a 'Strong Buy' rating for Carrier Global, driven by their transformation into a climate and energy solutions pure play and robust order growth. Carrier Global's 4% organic revenue growth and 20% order growth, alongside divestitures and AFFF settlement, support strong business expansion in FY25. The company projects 3% organic revenue growth and 150bps margin expansion for FY24, with significant growth potential in the HVAC market. seekingalpha.com - 3 weeks ago
Carrier Global Misses Q3 Estimates: Will FY24 Outlook Drag Shares Down? CARR's third-quarter 2024 results reflect strength in the HVAC Segment, but missed earnings estimates and lowered guidance raise concern. zacks.com - 3 weeks ago
Carrier Global Stock Cools on Soft Sales, Guidance Cut Carrier Global (CARR) shares tumbled Thursday as the manufacturer of air conditioners and building automation systems posted lower-than-expected sales and cut its guidance as it moved to exit its Fire & Security business. investopedia.com - 3 weeks ago
Carrier Global (CARR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates The headline numbers for Carrier Global (CARR) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 3 weeks ago
Carrier Global Corporation (CARR) Q3 2024 Earnings Call Transcript Carrier Global Corporation (NYSE:CARR ) Q3 2024 Earnings Conference Call October 24, 2024 7:30 AM ET Company Participants Samuel Pearlstein - Vice President of Investor Relations, CFO of Fire & Security segment David Gitlin - Chairman & Chief Executive Officer Patrick Goris - Senior Vice President & Chief Financial Officer Conference Call Participants Jeffrey Sprague - Vertical Research Partners Julian Mitchell - Barclays Andrew Kaplowitz - Citigroup Nigel Coe - Wolfe Research Deane Dray - RBC Capial Markets Joe Ritchie - Goldman Sachs Stephen Tusa - JPMorgan Noah Kaye - Oppenheimer Andrew Obin - BofA Securities Chris Snyder - Morgan Stanley Operator Good morning, and welcome to Carrier's Third Quarter 2024 Earnings Conference Call. I would like to introduce your host for today's conference, Sam Pearlstein, Vice President of Investor Relations and CFO of the Fire & Security segment. seekingalpha.com - 3 weeks ago
Carrier Global (CARR) Lags Q3 Earnings and Revenue Estimates Carrier Global (CARR) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.89 per share a year ago. zacks.com - 3 weeks ago
Carrier Reports Strong Third Quarter 2024 Results Fire & Security segment now reported as discontinued operations making prior guidance not comparable Net sales of $6.0 billion up 21% versus third quarter 2023; organic sales up 4% GAAP EPS from continuing operations of $0.62 and adjusted EPS from continuing operations of $0.77 Total GAAP EPS of $0.49 and adjusted EPS of $0.83 Final business exit on-track to close around year end Board increases remaining share repurchase authorization to $4.7 billion Updated full year guidance to reflect the impact of discontinued operations PALM BEACH GARDENS, Fla. , Oct. 24, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today reported strong financial results for the third quarter of 2024 and adjusted its full year guidance to reflect the move of the Fire & Security segment to discontinued operations. prnewswire.com - 3 weeks ago
Carrier Global Ahead of Q3 Earnings: Should You Invest in the Stock? CARR's third-quarter 2024 performance is likely to reflect strength in the Heating, Ventilating and Air Conditioning segment business and aftermarket services. zacks.com - 3 weeks ago
8. Profile Summary

Carrier Global Corporation CARR

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COUNTRY US
INDUSTRY Construction
MARKET CAP $ 66.9 B
Dividend Yield 0.25%
Description Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. 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, 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. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
Contact 13995 Pasteur Boulevard, Palm Beach Gardens, FL, 33418 https://www.corporate.carrier.com
IPO Date March 19, 2020
Employees 53000
Officers Ms. Milena Oliveira Senior Vice President and Chief Marketing & Communications Officer Mr. Ajay Agrawal Senior Vice President of Global Services & Business Development and Chief Strategy Officer Mr. Bobby George Senior Vice President & Chief Digital Officer Mr. Adrian Button Senior Vice President of Operations Mr. Samuel Joel Pearlstein Vice President of Investor Relations Ms. Nadia Villeneuve Senior Vice President & Chief Human Resources Officer Mr. Hakan Yilmaz Senior Vice President & Chief Technology and Sustainability Officer Mr. Timothy N. White Senior Vice President & Chief Product Officer Mr. David L. Gitlin Chairman & Chief Executive Officer Mr. Patrick P. Goris Senior Vice President & Chief Financial Officer