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 and cooling 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 products and services, including refrigeration and monitoring systems for trucks, trailers, shipping containers, intermodal, and rail; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential and building systems, 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, Chubb, Det-Tronics, Edwards, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; and Carrier, Automated Logic, BluEdge, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello brands. It sells its products directly to building contractors and owners, transportation companies and retail stores, and end customers, as well as indirectly through equity method investees, independent sales representatives, distributors, wholesalers, dealers, retail outlets, manufacturers' representatives, and value-added resellers. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
IPO Year: 2020
Exchange: NYSE
Website: corporate.carrier.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2024 | $94.00 | Neutral → Buy | UBS |
| 10/16/2024 | $75.00 → $85.00 | Overweight → Equal-Weight | Stephens |
| 10/10/2024 | $48.00 → $83.00 | Neutral | JP Morgan |
| 9/6/2024 | Underperform → Peer Perform | Wolfe Research | |
| 9/6/2024 | $75.00 | Equal-Weight | Morgan Stanley |
| 8/16/2024 | $70.00 → $74.00 | Outperform | Oppenheimer |
| 7/29/2024 | $55.00 → $72.00 | Underperform → Neutral | BofA Securities |
| 7/15/2024 | $64.00 → $75.00 | Neutral → Outperform | Robert W. Baird |
| 6/24/2024 | $65.00 → $74.00 | Neutral → Buy | Citigroup |
| 10/12/2023 | $56.00 | Peer Perform → Underperform | Wolfe Research |
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C40 and Carrier work together to support cities in the midst of extreme heat events in cities. Cities and mayors to assess the impact of rising temperatures, develop cooling policies and exchange best practices to keep residents safe from heat, reducing vulnerabilities and increasing comfort in buildings.PALM BEACH GARDENS, Fla., Nov. 21, 2024 /PRNewswire/ -- C40 Cities, the global network of nearly 100 cities united to confront the climate crisis, has collaborated with Carrier, global leader in intelligent climate and energy solutions, to help cities adapt to dramatically changing global temperatures.
GE Aerospace's Chairman and CEO, H. Lawrence Culp, Jr., Presented Carrier with Prestigious Award PALM BEACH GARDENS, Fla., Nov. 14, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, was awarded the World Environment Center's (WEC) 40th Annual Gold Medal for International Corporate Achievement in Sustainable Development. Past award winners of the global competition include Microsoft, Walmart, IBM and Starbucks. "Carrier is honored to be recognized by the prestigious World Environment Center for our progre
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. ET. The event will be broadcast live at ir.carrier.com. A webcast replay will be available on the website following the event. About Carrier Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generat
Fire & Security segment now reported as discontinued operations making prior guidance not comparableNet 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 $0.77Total GAAP EPS of $0.49 and adjusted EPS of $0.83Final business exit on-track to close around year endBoard increases remaining share repurchase authorization to $4.7 billionUpdated full year guidance to reflect the impact of discontinued operationsPALM BEACH GARDENS, Fla., Oct. 24, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, today reported stron
Xylem Inc. (NYSE:XYL), a leading global water solutions company, has named Meredith Emmerich Senior Vice President and President, Applied Water, effective October 21. Emmerich will join Xylem's senior leadership team, reporting to President and Chief Executive Officer Matthew Pine. Applied Water is one of Xylem's four reportable business segments, providing advanced water management solutions for customers in the industrial and commercial buildings markets. Emmerich succeeds Franz Cerwinka, who will serve as senior advisor until March 2025, to ensure a smooth and orderly transition. Before joining Xylem, Emmerich was Vice President of Carrier Global Corporation's (NYSE:CARR) Global Enter
PALM BEACH GARDENS, Fla., Oct. 10, 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 $0.19 per outstanding share of Carrier common stock. The dividend will be payable on November 18, 2024 to shareowners of record at the close of business on October 25, 2024. About CarrierCarrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for
PALM BEACH GARDENS, Fla., Oct. 8, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, will release its third quarter 2024 earnings on Thursday, October 24, 2024 and host a conference call and webcast at 7:30 a.m. ET. The webcast and presentation will be available at ir.carrier.com. To listen to the earnings call by phone, participants must pre-register at Carrier Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing access to the live call. A recording will be archived
Carrier aligns its EcoEnergy Insights' suite of solutions under Carrier Abound to accelerate positioning as a global leader in intelligent climate and energy solutions PALM BEACH GARDENS, Fla., Oct. 7, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, announced today that its EcoEnergy Insights™ business will now go to market globally as Carrier Abound™. EcoEnergy Insights, a leading provider of Artificial Intelligence (AI) and Internet of Things (IoT) solutions for building and equipment operations will also re-badge its CORTIX™ suite of solutions as Abound solutions. With these changes, Carrier will now offer its cust
FRANKFURT, Germany and QINGDAO, China, Oct. 2, 2024 /PRNewswire/ -- October 1st 2024 (Beijing time), Haier Smart Home Co., Ltd. (listed on the Shanghai, Hong Kong, and Frankfurt stock exchanges; stock tickers: 600690.SH, 6690.HK, 690D.DE), a global leader in consumer electronics and home appliances, announced the successful completion of its acquisition of Carrier Commercial Refrigeration from Carrier Global Corporation (NYSE:CARR) for an enterprise value of approximately $775 million. The technologies related to commercial refrigeration that the company owns or is licensed to use, including carbon dioxide technology, will contribute to environmental improvements, promote green transformatio
PALM BEACH GARDENS, Fla., Oct. 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 refrigeration business to its decades-long joint venture partner Haier (SSE: 600690) for an enterprise value of $775 million, including approximately $200 million of net pension liabilities. The sale, along with the completed divestitures of Industrial Fire and Global Access Solutions and the announced sale of Commercial and Residential Fire, enables Carrier to focus on its core businesses and demonstrates meaningful progress as the company nears the completion of its portfolio tra
Fire & Security segment now reported as discontinued operations making prior guidance not comparableNet 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 $0.77Total GAAP EPS of $0.49 and adjusted EPS of $0.83Final business exit on-track to close around year endBoard increases remaining share repurchase authorization to $4.7 billionUpdated full year guidance to reflect the impact of discontinued operationsPALM BEACH GARDENS, Fla., Oct. 24, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, today reported stron
PALM BEACH GARDENS, Fla., Oct. 10, 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 $0.19 per outstanding share of Carrier common stock. The dividend will be payable on November 18, 2024 to shareowners of record at the close of business on October 25, 2024. About CarrierCarrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for
PALM BEACH GARDENS, Fla., Oct. 8, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, will release its third quarter 2024 earnings on Thursday, October 24, 2024 and host a conference call and webcast at 7:30 a.m. ET. The webcast and presentation will be available at ir.carrier.com. To listen to the earnings call by phone, participants must pre-register at Carrier Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing access to the live call. A recording will be archived
Net sales of $6.7 billion up 12% versus second quarter 2023; organic sales up 2%GAAP EPS of $2.55 up significantly and adjusted EPS of $0.87 up double-digitsGAAP operating margin expanded significantly year over year; adjusted operating margin expanded 200 bpsReaffirming full year 2024 adjusted EPS guidance rangeClosed two of four business exit transactions; remaining two on-trackExpect to repurchase about $1 billion worth of shares in the second half of 2024PALM BEACH GARDENS, Fla., July 25, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, today reported strong financial results for the second quarter of 2024 and reaffir
PALM BEACH GARDENS, Fla., July 9, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, will release its second quarter 2024 earnings on Thursday, July 25, 2024 and host a conference call and webcast at 7:30 a.m. ET. The webcast and presentation will be available at ir.carrier.com. To listen to the earnings call by phone, participants must pre-register at Carrier Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing access to the live call. A recording will be archived a
PALM BEACH GARDENS, Fla., June 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 $0.19 per outstanding share of Carrier common stock. The dividend will be payable on August 8, 2024 to shareowners of record at the close of business on June 21, 2024. About CarrierCarrier Global Corporation, a global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for gener
$4.95 Billion Acquisition Bolsters Honeywell's Strategic Alignment to the Automation Megatrend, Underpinned by DigitalizationPositions Honeywell as a Leading Provider of Security Solutions in a Digital AgeEnhances Honeywell's Building Automation Segment, Adding an Accretive Growth and Margin BusinessCHARLOTTE, N.C., June 3, 2024 /PRNewswire/ -- Honeywell (NASDAQ:HON) today announced the completion of its acquisition of Carrier Global Corporation's (NYSE:CARR) Global Access Solutions business for $4.95 billion. The deal positions Honeywell as a leading provider of security solutions for the digital age with opportunities for accelerated innovation in the fast-growing, cloud-based services and
Net sales up 17% versus first quarter 2023; organic sales up 2%GAAP EPS of $0.29 and adjusted EPS of $0.62GAAP operating margin down 240 bps year over year; adjusted operating margin expanded 280 bpsMaintaining full year 2024 adjusted EPS guidance range despite additional $0.05 headwind from the earlier timing of business exitsIncreasing full year 2024 adjusted operating margin guidance to ~15.5%Expect to resume share repurchases in 2024PALM BEACH GARDENS, Fla., April 25, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, today reported strong financial results for the first quarter of 2024 and reaffirmed its full year earn
PALM BEACH GARDENS, Fla., April 18, 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 $0.19 per outstanding share of Carrier common stock. The dividend will be payable on May 22, 2024 to shareowners of record at the close of business on May 3, 2024. About CarrierCarrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generatio
PALM BEACH GARDENS, Fla., April 4, 2024 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), global leader in intelligent climate and energy solutions, will release its first quarter 2024 earnings on Thursday, April 25, 2024 and host a conference call and webcast at 7:30 a.m. ET. The webcast and presentation will be available at ir.carrier.com. To listen to the earnings call by phone, participants must pre-register at Carrier Earnings Call Registration. All registrants will receive dial-in information and a PIN allowing access to the live call. A recording will be archived
UBS upgraded Carrier Global from Neutral to Buy and set a new price target of $94.00
Stephens downgraded Carrier Global from Overweight to Equal-Weight and set a new price target of $85.00 from $75.00 previously
JP Morgan resumed coverage of Carrier Global with a rating of Neutral and set a new price target of $83.00 from $48.00 previously
Wolfe Research upgraded Carrier Global from Underperform to Peer Perform
Morgan Stanley initiated coverage of Carrier Global with a rating of Equal-Weight and set a new price target of $75.00
Oppenheimer reiterated coverage of Carrier Global with a rating of Outperform and set a new price target of $74.00 from $70.00 previously
BofA Securities upgraded Carrier Global from Underperform to Neutral and set a new price target of $72.00 from $55.00 previously
Robert W. Baird upgraded Carrier Global from Neutral to Outperform and set a new price target of $75.00 from $64.00 previously
Citigroup upgraded Carrier Global from Neutral to Buy and set a new price target of $74.00 from $65.00 previously
Wolfe Research downgraded Carrier Global from Peer Perform to Underperform and set a new price target of $56.00
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Xylem Inc. (NYSE:XYL), a leading global water solutions company, has named Meredith Emmerich Senior Vice President and President, Applied Water, effective October 21. Emmerich will join Xylem's senior leadership team, reporting to President and Chief Executive Officer Matthew Pine. Applied Water is one of Xylem's four reportable business segments, providing advanced water management solutions for customers in the industrial and commercial buildings markets. Emmerich succeeds Franz Cerwinka, who will serve as senior advisor until March 2025, to ensure a smooth and orderly transition. Before joining Xylem, Emmerich was Vice President of Carrier Global Corporation's (NYSE:CARR) Global Enter
PALM BEACH GARDENS, Fla., Sept. 29, 2022 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, today announced that Susan N. Story, former President and Chief Executive Officer of American Water Works Company, Inc., has been elected to Carrier's Board of Directors, effective Jan. 15, 2023. She will serve on the Board's Audit and Compensation Committees. "Susan is a highly accomplished and successful business leader with significant expertise in finance, operations, cy
PALM BEACH GARDENS, Fla., Dec. 17, 2021 /PRNewswire/ -- Carrier Global Corporation (NYSE:CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, today announced that director John V. Faraci will not stand for re-election at the company's upcoming Annual Meeting of Shareowners on April 14, 2022. Mr. Faraci will continue to serve on the Board until the Annual Meeting. "On behalf of the Board of Directors and everyone at Carrier, I would like to express our sincere gratitude and thanks to John who, as Executive Chairman,
PALM BEACH GARDENS, Fla., June 9, 2021 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) today announced that Beth Wozniak, Chief Executive Officer and Director of nVent Electric plc, has been appointed to Carrier's Board of Directors. Prior to leading nVent, Wozniak was Senior Vice President & President of Pentair's electrical business. Pentair spun its electrical business to form nVent in April 2018. Before joining Pentair, Wozniak held key leadership and P&L roles during her 25-year tenure at Honeywell, including overseeing critical technologies for HVAC systems. In her various roles she has developed deep experience in sensing, automation, controls and electrification, and in appl
Carrier Global Corp (NYSE:CARR) shares are trading lower after it reported second-quarter FY24 results. Net sales rose 12% Y/Y to $6.70 billion, missing the consensus of $7.00 billion. Revenue included 2% organic growth and a 12% boost from the Viessmann Climate Solutions acquisition, partially offset by a 2% decline from divestitures. GAAP operating profit of $3.7 billion was up over 650% from last year, primarily due to the gain on the sale of Access Solutions and the addition of Viessmann Climate Solutions. Adjusted operating profit of $1.2 billion was up 26% Y/Y, driven by contribution from Viessmann Climate Solutions. Carrier Chairman & CEO David Gitlin said, “We delivered s
Carrier Global (NYSE:CARR) reported quarterly earnings of $0.87 per share which beat the analyst consensus estimate of $0.84 by 3.57 percent. The company reported quarterly sales of $6.70 billion which missed the analyst consensus estimate of $7.00 billion by 4.29 percent. This is a 11.82 percent increase over sales of $5.99 billion the same period last year.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Below are some instances of options activity happening in the Industrials sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume UBER CALL TRADE BULLISH 07/19/24 $70.00 $56.7K 25.3K 12.5K FLR CALL SWEEP BEARISH 11/
In the latest quarter, 10 analysts provided ratings for Carrier Global (NYSE:CARR), showcasing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 6 2 0 0 Last 30D 0 1 0 0 0 1M Ago 1 1 0 0 0 2M Ago 0 1 0 0 0 3M Ago 1 3 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $70.7, a high estimate of $81.00, and a low estimate of $63.00. Marking an increase of 6.12%, the current average surpasses th
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler cut the price target for Schlumberger Limited (NYSE:SLB) from $71 to $66. Piper Sandler analyst Luke Lemoine maintained an Overweight rating. SLB shares gained 0.5% to close at $46.42 on Friday. See how other analysts view this stock. Oppenheimer boosted the price target for The Trade Desk, Inc. (NASDAQ:TTD) from $105 to $120. Oppenheimer analyst Jason Helfstein maintained an Outperform rating. Trade Desk shares gained 0.9% to close at $99.44 on Friday. See how other analysts view thi
Baird analyst Timothy Wojs upgrades Carrier Global (NYSE:CARR) from Neutral to Outperform and raises the price target from $64 to $75.
Honeywell International Inc (NASDAQ:HON) has agreed to acquire Air Products And Chemicals, Inc.’s (NYSE:APD) liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in an all-cash transaction. This acquisition, which is approximately 13 times the estimated 2024 EBITDA, will significantly enhance Honeywell’s energy transformation offerings. The acquisition will enable Honeywell to offer a comprehensive solution for managing energy transformation, including natural gas pre-treatment and advanced liquefaction technologies. These services will be integrated under the Honeywell Forge and Experion platforms, providing efficient and reliable management of na