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Industrials - Construction - NYSE - US
$ 69.66
-0.115 %
$ 62.5 B
Market Cap
40.5
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one CARR stock under the worst case scenario is HIDDEN Compared to the current market price of 69.7 USD, Carrier Global Corporation is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one CARR stock under the base case scenario is HIDDEN Compared to the current market price of 69.7 USD, Carrier Global Corporation is HIDDEN

This DCF valuation model was last updated on Jan, 18, 2025.

The intrinsic value of one CARR stock under the best case scenario is HIDDEN Compared to the current market price of 69.7 USD, Carrier Global Corporation is HIDDEN

2. FUNDAMENTAL ANALYSIS
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 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 4.1 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 84 M
Change in Working Capital 616 M
Others 208 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 -6.69%
CARR Average Price Target Wall Street Target
78.4 USD 12.49%
CARR Highest Price Target Wall Street Target
95 USD 36.38%
4. DIVIDEND ANALYSIS
0.25% DIVIDEND YIELD
0.225 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
4.03 M USD 1
6-9 MONTHS
20.4 M USD 4
9-12 MONTHS
21.3 M USD 3
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
2 months ago
Nov 07, 2024
Sell 889 K USD
Crockett Kyle
VP, Controller & CAO
- 11647
76.3357 USD
2 months ago
Nov 06, 2024
Sell 12.3 M USD
O'Connor Kevin J.
Senior VP & CLO
- 167183
73.4626 USD
5 months ago
Aug 08, 2024
Sell 4.03 M USD
Agrawal Ajay
Senior VP, Strategy & Services
- 62382
64.55 USD
8 months ago
May 21, 2024
Sell 306 K USD
Crockett Kyle
VP, Controller & CAO
- 4611
66.392 USD
8 months ago
May 16, 2024
Sell 1.31 M USD
O'Connor Kevin J.
Senior VP & CLO
- 20000
65.7312 USD
8 months ago
May 10, 2024
Sell 6.44 M USD
Villeneuve Nadia
Senior VP & CHRO
- 98428
65.4048 USD
8 months ago
Apr 29, 2024
Sell 2.4 M USD
Timperman Jurgen
President, Fire & Security
- 38794
61.7544 USD
8 months ago
Apr 29, 2024
Sell 7.51 M USD
Timperman Jurgen
President, Fire & Security
- 121121
62.0162 USD
8 months ago
Apr 29, 2024
Sell 2.4 M USD
Timperman Jurgen
President, Fire & Security
- 38858
61.6369 USD
11 months ago
Feb 08, 2024
Sell 19.2 M USD
Gitlin David L.
Chairman and CEO
- 354539
54.1635 USD
11 months ago
Feb 08, 2024
Sell 1.43 M USD
O'Connor Kevin J.
Senior VP & CLO
- 26551
53.7711 USD
11 months ago
Feb 08, 2024
Sell 291 K USD
Crockett Kyle
Vice President, Controller
- 5395
53.971 USD
11 months ago
Feb 08, 2024
Sell 366 K USD
Crockett Kyle
Vice President, Controller
- 6775
53.951 USD
1 year 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 4.55 M USD
Timperman Jurgen
President, Fire & Security
- 76639
59.377 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 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
2 years ago
Nov 29, 2022
Sell 68.3 K USD
Timperman Jurgen
President, Fire & Security
- 1567
43.5618 USD
2 years ago
Nov 29, 2022
Sell 762 K USD
Timperman Jurgen
President, Fire & Security
- 17491
43.5618 USD
2 years ago
Nov 29, 2022
Sell 1.17 M USD
Timperman Jurgen
President, Fire & Security
- 26804
43.5015 USD
2 years ago
Nov 29, 2022
Sell 1.72 M USD
Timperman Jurgen
President, Fire & Security
- 39475
43.5445 USD
2 years ago
Nov 29, 2022
Sell 1.17 M USD
Timperman Jurgen
President, Fire & Security
- 26831
43.5835 USD
2 years 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 Named to Inaugural Forbes Most Trusted Companies in America List PALM BEACH GARDENS, Fla. , Dec. 12, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, was recently named to Forbes' inaugural Most Trusted Companies in America 2025 list. prnewswire.com - 1 month ago
14 Upcoming Dividend Increases I focus on companies consistently increasing dividends and beating benchmarks, using data from the U.S. Dividend Champions spreadsheet and NASDAQ. The list includes companies with at least five years of dividend growth, sorted by ex-dividend date and dividend streak. I prioritize stocks with strong historical returns and high 10-year dividend growth rates, comparing them to ETF benchmarks like SCHD. seekingalpha.com - 1 month ago
Carrier Board of Directors Announces an 18 Percent Increase in Quarterly Dividend to $0.225 per Share PALM BEACH GARDENS, Fla. , Dec. 6, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, announced today that its Board of Directors declared a quarterly dividend of $0.225 per outstanding share of Carrier common stock. prnewswire.com - 1 month ago
Southwest Airlines' stock jumps as carrier is latest to raise guidance on strong travel demand Southwest Airlines Co.'s stock jumped 2.4% in premarket trade Thursday, after it became the latest airline to boost guidance for the fourth quarter, as travel demand remains resilient and it benefits from efficiency measures. marketwatch.com - 1 month ago
Carrier Completes Strategic Portfolio Transformation with Closing of $3B Sale of its Commercial and Residential Fire Business PALM BEACH GARDENS, Fla. , Dec. 2, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced it has completed the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion. prnewswire.com - 1 month ago
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 - 2 months 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 months 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 - 2 months 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 - 2 months 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 - 2 months 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 - 2 months 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 - 2 months ago
8. Profile Summary

Carrier Global Corporation CARR

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COUNTRY US
INDUSTRY Construction
MARKET CAP $ 62.5 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 Mr. Adrian Button Senior Vice President of Operations Ms. Francesca Campbell Senior Vice President & Chief Legal Officer Ms. Milena Oliveira Senior Vice President and Chief Marketing & Communications Officer Mr. Samuel Joel Pearlstein Vice President of Investor Relations Mr. Timothy N. White Senior Vice President of Engineering Ms. Nadia Villeneuve Senior Vice President & Chief Human Resources Officer Mr. David L. Gitlin Chairman & Chief Executive Officer Mr. Bobby George Senior Vice President & Chief Digital Officer Mr. Patrick P. Goris Senior Vice President & Chief Financial Officer Mr. Hakan Yilmaz Senior Vice President & Chief Technology and Sustainability Officer