CARR - Carrier Global Corporation

NYSE - Nasdaq Real Time Price. Currency in USD
24.11
+0.12 (+0.52%)
As of 2:36PM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close23.99
Open24.00
Bid24.12 x 800
Ask24.15 x 1000
Day's Range23.80 - 24.22
52 Week Range11.50 - 24.40
Volume2,839,896
Avg. Volume11,330,746
Market Cap20.887B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMay 08, 2020
Forward Dividend & Yield0.32 (1.33%)
Ex-Dividend DateJun 25, 2020
1y Target Est22.56
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-10% Est. Return
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  • Should Value Investors Buy Carrier Global Corporation (CARR) Stock?
    Zacks

    Should Value Investors Buy Carrier Global Corporation (CARR) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Carrier Launches the BluEdge Service Platform: A Differentiated, Tiered Service Offering
    PR Newswire

    Carrier Launches the BluEdge Service Platform: A Differentiated, Tiered Service Offering

    Carrier Global Corporation (NYSE: CARR), a leading global provider of heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies, today introduced the BluEdge™ service platform – a new and differentiated service offering. Leveraging Carrier's history of innovation and product and service expertise, the BluEdge service platform offers a tiered suite of services across the three Carrier segments - HVAC, Refrigeration and Fire & Security - to address a customer's specific needs. As Carrier continues to invest in Internet of Things enabled equipment and digital solutions, the BluEdge service platform will use cutting-edge analytics to decipher data, extract insights and implement solutions before issues ever arise. The new service offering is complementary to Carrier's existing network of service providers and sets Carrier apart through the unique enterprise-wide service program that will help reduce complexity and provide value for customers.

  • Carrier Offers Healthy Building Solutions to Improve Air Quality for Mall Reopenings in New York State
    PR Newswire

    Carrier Offers Healthy Building Solutions to Improve Air Quality for Mall Reopenings in New York State

    As malls in New York look to safely reopen in accordance with the State's new guidance on air filtration, Carrier, the company that invented modern air conditioning, has a range of solutions and services available to help. Ranging from indoor air quality (IAQ) assessments to the plug-and-play OptiCleanTM air scrubber, these solutions can help ensure improved IAQ, help protect public health and provide added peace of mind while quickly and effectively working with a facility's existing heating, ventilating and air conditioning (HVAC) system. Carrier Global Corporation (NYSE:CARR) is a leading global provider of innovative HVAC, refrigeration, fire, security and building automation technologies.

  • Bloomberg

    Is Your Air Conditioner Keeping You Safe From Covid?

    (Bloomberg Opinion) -- It’s summertime in America, and while there may or may not be a baseball season, some things don’t change. Hamburgers are still getting grilled, trips to national parks are being plotted and air conditioners are cranked on full blast.That last point is taking on new meaning as the country continues its reopening in the wake of the coronavirus pandemic. Even New York City — the region hardest hit by the pandemic and the last in the country to emerge from lockdown — is on track to allow people to interact again in non-essential indoor venues starting Monday. Barber shops, retail stores and offices will be able to reopen, with some restrictions and safeguards, and the HVAC systems that keep them cool and ventilated will come whirring back to life. Chances are you didn’t give much thought to those HVAC systems in the before-times, as long as they appeared to be working. Now, with a potentially deadly virus that spreads via airborne droplets still circulating around the country, you might be wondering, are air conditioners safe?The short answer is yes, with the irritating caveat that it depends on the HVAC system and the circumstances of the space. The most tricked-out, sophisticated air-conditioner money can buy isn’t going to make much of a difference if people are packed in like sardines on a subway car or at a concert venue and an infected person starts coughing. But the presence of air conditioning likely doesn't in and of itself increase your risk of getting the coronavirus. In fact, combined with social distancing, personal hygiene and face masks, proper ventilation and humidity control are actually great tools for guarding against infection. A typical air-conditioner system works by taking in a certain percentage of air from the outside and mixing it with air that’s recirculated from within the building. When you’re trying to combat a virus, you want more air to come in from the outside, where it’s unaffected by whatever sneezes or coughs may be happening in a certain corner of the office. But even the recirculated air gets passed through a filter before it’s spat out from one room to the next. The gold standard is a high-efficiency particulate air (HEPA) filter and the next best thing is a filter with a minimum efficiency reporting value (MERV) of at least 13 (higher numbers are better), both of which are capable of capturing small particles such as viruses.A study published on the Centers for Disease Control and Prevention’s website linked the spread of the coronavirus among patrons of a Guangzhou, China, restaurant to air conditioners. But a followup analysis showed there was no outdoor air supply; that particular air conditioner was operating only with recirculated air, according to William Bahnfleth, a professor of architectural engineering at Pennsylvania State University and the chair of the epidemic taskforce for the American Society of Heating, Refrigerating and Air-Conditioning Engineers.“When we see reports of super-spreading events that apparently involve air conditioning, it usually means there’s little or no ventilation in the space,” Bahnfleth said in a phone interview. Unlike other pathogens such as tuberculosis, Covid-19 doesn’t appear to be so infectious that it can spread between people in different parts of a building via air that’s been diluted through ventilation and filtration, he said. “Infection is analogous to being poisoned,” Bahnfleth said. “You can have one drink and you’re fine, but if you drink a whole bottle of hard liquor, you may die. With pathogens, it’s similar. It takes a certain number of them to have a high probability of getting an infection. If you can reduce the concentration in the air, then the rate at which you can be exposed drops.” The good news is that in the U.S., there are already minimum standards for ventilation based on square footage and expected occupancy. These usually evolve out of recommendations from the ASHRAE trade organization and are set by local governments as part of the building code. While there are discrepancies between regions — California, for example, is one of the most progressive in terms of air-quality requirements — these basic standards are “reasonably protective,” Bahnfleth said. That’s why the most important step for any business is to do a full checkup and proper maintenance of existing systems before they start letting people back into their building, Chris Nelson, president of Carrier Global Corp.’s HVAC division, said in a phone interview.Carrier, Trane Technologies Plc and other HVAC companies are offering indoor air-quality tests and restart services for buildings that have gone unoccupied for long stretches. This can help companies assess whether they’re getting proper air distribution and the appropriate influx of outside air, and to ensure filters are clean. When it comes to evaluating what upgrades are necessary, “rather than say here's the ‘right’ solution, we want to look at your system and equipment and see how the building operates,” Andrew Mondell, Trane’s business development manager for New York City, said in a phone interview. “Then we can think about what's possible and how it fits into budget constraints.”The free fix if you’re not getting enough ventilation is to just open the windows, although clearly that’s easier said than done in hot and humid places such as Texas and Florida, where restaurant-goers might complain that they didn’t order a side of sweat with their fries. “As people are coming back to work and businesses are recovering, we’re cognizant of offering options people can afford right now,” Nelson of Carrier said. One such relatively pain-free and cheap upgrade is to change your filters to a higher efficiency, depending on the capabilities of your particular system. Another is to adjust an HVAC system’s parameters to increase the amount of air coming in from the outside relative to the amount that’s recirculated. How easy this is depends on the particular system but for many, it's a simple tweak with the help of a professional.The next level up is to look into an air scrubber with a HEPA filter. Carrier’s version is the OptiClean Negative Air Machine, which Nelson says has drawn interest from health-care institutions and for the common areas of hotels and universities. It can also be used to create pressure that prevents air from spreading between one area and another. Because these machines are portable, there’s not much in the way of installation costs, so it can be a relatively inexpensive investment. You can also add virus-killing ultra-violet light filters or other air-cleaning technology such as bipolar ionization to your HVAC system for another layer of protection. The cost of something like that scales pretty dramatically based on the type of equipment and size of a building, from maybe a few thousand dollars for smaller, simpler jobs to many times that for a massive office building, says Trane’s Mondell. If you’re really hitting a wall on more basic ventilation and filtration fixes, you may want to replace your HVAC system with a more modern one, which is usually the most expensive route. For consumers, this all sounds great in theory, but how do you know what businesses have made these assessments and upgrades and which haven’t? The truth is, without a technical background and a look inside the HVAC system, you don’t. But there are some things you can watch out for. Odor or mustiness can be a sign of poor ventilation. While some window AC units do allow for ventilation, they typically aren’t very effective at bringing in outside air, Bahnfleth said. So if a business relies on one and isn’t doing something else to dilute the concentration of potential virus particles in the air like opening windows or limiting occupancy, that can be a worry point. Bathrooms sometimes get shoved in wherever they fit, particularly in smaller enterprises, and often aren’t well-ventilated. A study published this week in the journal Physics of Fluids found that flushing the toilet can create a cloud of aerosol droplets that rises nearly three feet and may linger in the air or land on nearby surfaces, according to the New York Times. Keeping the exhaust fan running should help, Mondell said, and the bathroom could also be a good spot for an air-scrubber. The net of it, though, is that when it comes to both the coronavirus specifically and health and well-being overall, it’s better to have a good air-conditioning system than to not have one.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Do Carrier Global Corporation’s (NYSE:CARR) Returns On Capital Employed Make The Cut?
    Simply Wall St.

    Do Carrier Global Corporation’s (NYSE:CARR) Returns On Capital Employed Make The Cut?

    Today we are going to look at Carrier Global Corporation (NYSE:CARR) to see whether it might be an attractive...

  • Carrier Announces Pricing of Notes Offering
    PR Newswire

    Carrier Announces Pricing of Notes Offering

    Carrier Global Corporation (NYSE: CARR) ("Carrier") announced today that it has priced an offering of notes with registration rights of $750 million of 2.700% notes due 2031 (the "Notes"). The sale of the Notes is expected to settle on June 19, 2020, subject to customary closing conditions.

  • Moody's

    Carrier Global Corporation -- Moody's assigns Baa3 rating to Carrier's new senior unsecured notes

    Moody's Investors Service ("Moody's") assigned a Baa3 rating to Carrier Global Corporation's ("Carrier") new senior unsecured notes. The issuances do not impact other ratings of Carrier, including the existing Baa3 senior unsecured ratings.

  • Carrier Board of Directors Declares Quarterly Dividend
    PR Newswire

    Carrier Board of Directors Declares Quarterly Dividend

    Carrier Global Corporation (NYSE: CARR) announced today that its Board of Directors declared a dividend of $0.08 per outstanding share of Carrier common stock. The dividend will be payable on July 20, 2020, to shareowners of record at the close of business on June 26, 2020.

  • Carrier CEO and CFO to Speak on Barclays Equity Conference Call
    PR Newswire

    Carrier CEO and CFO to Speak on Barclays Equity Conference Call

    Carrier Global Corporation (NYSE: CARR) President and Chief Executive Officer Dave Gitlin and Chief Financial Officer Tim McLevish will participate in a Barclays Equity Conference Call on Thursday, June 11 at 2:00 p.m. Eastern Time. The event will be broadcast live at ir.carrier.com.

  • Spinoffs Roundup: These Companies Could Unlock Value in 2020
    GuruFocus.com

    Spinoffs Roundup: These Companies Could Unlock Value in 2020

    The newly independent businesses include Carrier, Arconic Continue reading...

  • The next hot building amenity is clean air
    Yahoo Finance

    The next hot building amenity is clean air

    The best offices have meditation rooms and gourmet lunches. A high-end apartment building might have a dog park. But tenants and building owners have a new priority amenity: clean air.

  • Top Performers in the S&P 500 This Year
    Investopedia

    Top Performers in the S&P 500 This Year

    In a year dominated by COVID-19 news, many of the top-performing companies were boosted by the pandemic, but the top performer benefited from longer-term trends.

  • Carrier looks to improve indoor air quality for hotels, restaurants as many reopen
    Yahoo Finance Video

    Carrier looks to improve indoor air quality for hotels, restaurants as many reopen

    Yahoo Finance's Alexis Christoforous and Brian Sozzi speak to David Gitlin, Carrier Global Corporation President and CEO, about the launch of Healthy Buildings Program in an effort to provide safe, indoor air quality. They also discuss

  • Carrier Launches Healthy Buildings Program to Help Customers Reinvent Their Buildings for Occupant Health
    PR Newswire

    Carrier Launches Healthy Buildings Program to Help Customers Reinvent Their Buildings for Occupant Health

    As people around the world adjust to a new normal, the health of our buildings – and how they influence personal health – is critically important. Today, Carrier introduced its Healthy Buildings Program, an expanded suite of advanced solutions to help deliver healthy, safe, efficient and productive indoor environments across key verticals including commercial buildings, healthcare, hospitality, education, retail and marine. In support of this, Carrier today also launched Corporate.Carrier.com/HealthyBuildings to help customers consult with Carrier's experts to take advantage of the broad range of industry-leading healthy building technologies. Carrier Global Corporation (NYSE:CARR) is a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies.

  • GuruFocus.com

    Insider Buying at Carrier, Greenbrier and Zion

    3 CEOs took million-dollar bites of their own cooking in May Continue reading...

  • Weekly CEO Buys Highlight: Greenbriar, Carrier
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    Weekly CEO Buys Highlight: Greenbriar, Carrier

    Details the CEO buys this past week for the following companies: Greenbrier Companies, Carrier Global, Arch Capital Group, Cornerstone Building Brands and Equitrans Midstream Continue reading...

  • Onity DirectKey Technology Enables Contactless Check-in at Hotel Properties
    PR Newswire

    Onity DirectKey Technology Enables Contactless Check-in at Hotel Properties

    In these unprecedented times, hotels are seeking solutions that help to preserve recommended social distancing guidelines and provide contactless interactions. Onity is proud to provide the DirectKey™ mobile access solution to hotel chains around the globe, which allows for contactless check-in and property access. Onity's DirectKey™ allows guests to securely download their assigned key to their smartphone through the hotel's loyalty app, which grants easy access to their guest room and other access-controlled areas, and enables them to bypass the front desk – eliminating some of the potential touchpoints with hotel staff and other guests. Onity is a leader in electronic access solutions to the hospitality industry and part of Carrier (NYSE: CARR), a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies.

  • Carrier Launches Two New Flagship Products for Home Comfort
    PR Newswire

    Carrier Launches Two New Flagship Products for Home Comfort

    Carrier, the company that invented modern air conditioning, recently launched two new flagship products, both with Greenspeed® Intelligence – the Carrier® Infinity® 26 air conditioner and the Carrier® Infinity® 24 heat pump, which offers both heating and cooling capabilities. Available just in time for cooling season, the Infinity 26 and Infinity 24 offer numerous innovations, including enhanced energy efficiency and segment-leading quiet operation. Carrier is part of Carrier Global Corporation (NYSE: CARR), a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies.

  • Barrons.com

    Carrier CEO Sees Post-Pandemic Opportunities

    The former United Technologies business says global warming, increased urbanization, and a growing middle class should drive demand for its heating and cooling products.

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    World Markets Green on Friday

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  • Carrier Reports First Quarter 2020 Earnings
    PR Newswire

    Carrier Reports First Quarter 2020 Earnings

    Carrier Global Corporation (NYSE: CARR) today reported financial results for the first quarter of 2020. Carrier is a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies.

  • Carrier Hong Kong Wins Long-Term Service Agreement at the Hong Kong International Airport
    PR Newswire

    Carrier Hong Kong Wins Long-Term Service Agreement at the Hong Kong International Airport

    Carrier Hong Kong Ltd (Carrier Hong Kong) was awarded a four-year chiller service agreement covering all 52 chillers in 17 buildings of Hong Kong International Airport. The service agreement, which covers Carrier and non-Carrier brand chillers, was awarded based on Carrier's innovative service capabilities and cost competitiveness. Carrier Hong Kong is responsible for all of the maintenance, staffing, repairs, improvements and refurbishment required to keep all 52 chillers in the facility operational, and offers a connected service model with digital capabilities including remote monitoring and diagnostics. Carrier Hong Kong is a unit of Carrier Global Corporation (NYSE: CARR), a leading global provider of innovative heating, ventilating and air conditioning (HVAC), refrigeration, fire, security and building automation technologies.

  • Carrier First Quarter Earnings Advisory
    PR Newswire

    Carrier First Quarter Earnings Advisory

    Carrier Global Corporation (NYSE: CARR) will release its first quarter 2020 earnings on Friday, May 8 and host a conference call and webcast at 8:30 a.m. ET.

  • Barrons.com

    Carrier Stock Called ‘a Once-in-a-Generation Opportunity’

    Citing a low valuation relative to peers, J.P. Morgan analyst Stephen Tusa on Monday initiated coverage of (CARR) a leading maker of cooling and heating systems, with an Overweight rating. “The stock is cheap at ~10x trough EPS, the only one in the sector at that level, with a discount (65%) versus directly comparable peers rarely seen, the basis for our view that the stock could double over the next 12 months,” Tusa wrote in a 56-page report. Carrier (ticker CARR), whose shares were up 4%, to $14.30, in early trading Monday, trades for about 10 times the Wall Street consensus estimate of $1.40 a share for 2020.

  • Barrons.com

    Buy These 3 Former United Technologies Stocks. They’re Ready to Fly.

    The merged Raytheon Technologies offers a stable defense business, while Otis is a leader in elevators and Carrier is a deep value play.