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Carrier Global Corp Stock Research

CARR

43.92USD-0.38(-0.86%)Market Closed

Market Summary

USD43.92-0.38
Market Closed
-0.86%

CARR Alerts

CARR Stock Price

CARR RSI Chart

CARR Valuation

Market Cap

36.7B

Price/Earnings (Trailing)

10.23

Price/Sales (Trailing)

1.8

EV/EBITDA

8.96

Price/Free Cashflow

21.03

CARR Price/Sales (Trailing)

CARR Profitability

EBT Margin

21.02%

Return on Equity

44.38%

Return on Assets

13.74%

Free Cashflow Yield

4.75%

CARR Fundamentals

CARR Revenue

Revenue (TTM)

20.4B

Revenue Y/Y

-0.55%

Revenue Q/Q

-6.35%

CARR Earnings

Earnings (TTM)

3.6B

Earnings Y/Y

-16.27%

Earnings Q/Q

-79.13%

Price Action

52 Week Range

32.9749.17
(Low)(High)

Last 7 days

-1.3%

Last 30 days

0.7%

Last 90 days

5.1%

Trailing 12 Months

-3.7%

CARR Financial Health

Current Ratio

1.64

Debt/Equity

1.08

Debt/Cashflow

0.2

CARR Investor Care

Dividend Yield

1.46%

Dividend/Share (TTM)

0.64

Buy Backs (1Y)

3.23%

Diluted EPS (TTM)

4.1

Peers (Alternatives to Carrier Global)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
42.2B
16.0B
1.00% 17.67%
24.04
2.64
13.12% 23.40%
36.7B
20.4B
0.73% -3.72%
10.23
1.8
-0.93% 110.70%
11.7B
22.7B
7.54% 21.47%
4.27
0.52
14.24% 59.35%
MID-CAP
4.9B
888.8M
16.94% 72.40%
48.57
5.49
66.28% 70.83%
8.6B
4.7B
-3.75% -5.78%
17.39
1.83
12.50% 7.13%
8.4B
9.8B
-5.70% -0.24%
6.8
0.86
14.86% 24.72%
7.7B
4.7B
-5.00% -39.38%
11.25
1.64
-1.63% -11.10%
5.0B
1.1B
-9.38% -33.87%
27.26
4.55
-7.60% -11.55%
2.1B
735.5M
-3.40% 18.28%
24.01
2.87
25.40% 50.53%
SMALL-CAP
1.6B
1.4B
-12.40% 0.69%
19.19
1.14
3.75% 8.96%
1.3B
1.5B
8.50% 15.87%
13.82
0.9
28.46% 209.28%
673.2M
1.2B
-20.31% -8.22%
7.62
0.55
13.93% 55.03%
528.7M
815.3M
-5.31% -30.99%
4.68
0.65
25.53% 38.49%
51.4M
63.0M
-2.37% -7.00%
15.49
0.82
-25.47% -75.19%

Financials for Carrier Global

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-0.1%20,42120,44920,33920,56820,613
  S&GA Expenses-5.4%2,5122,6552,7792,9783,120
  R&D Expenses2.9%539524504507503
EBITDA0.2%4,6724,6643,9434,245-
EBITDA Margin0.3%0.23*0.23*0.19*0.21*-
Earnings Before Taxes-0.6%4,2924,3203,6183,5922,400
EBT Margin-0.5%0.21*0.21*0.18*0.17*-
Interest Expenses-319----
Net Income-1.5%3,5843,6382,7862,6961,701
Net Income Margin-1.3%0.18*0.18*0.14*0.13*-
Free Cahsflow13.7%1,7431,5331,3221,851-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets2.9%26,08625,35023,66224,19326,172
  Current Assets1.4%9,8799,7409,2769,60211,407
    Cash Equivalents17.9%3,5202,9853,0173,6042,987
  Inventory-0.9%2,6402,6642,3502,3581,970
  Net PPE9.1%2,2412,0551,8051,8251,826
  Goodwill3.7%9,9779,6219,0679,2889,349
Liabilities0.7%18,01017,88716,67016,76319,078
  Current Liabilities0.3%6,0326,0135,5465,5316,627
  Long Term Debt-8.5%8,7029,513---
    LT Debt, Current-36.1%140219269256183
    LT Debt, Non Current4.5%8,6708,2988,3059,513-
Shareholder's Equity8.2%8,0767,4636,9927,4307,094
  Retained Earnings-0.2%5,8665,8764,5644,2442,865
  Additional Paid-In Capital0.3%5,4815,4635,4415,4155,411
Shares Outstanding-0.6%835840846853863
Minority Interest2.3%318311296329327
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations13.7%1,7431,5331,3221,8512,237
  Share Based Compensation-14.4%77.0090.0094.0095.0092.00
Cashflow From Investing-1.9%1,7451,7792,2542,177-692
Cashflow From Financing-0.3%-2,931-2,921-3,098-2,939-1,562
  Dividend Payments4.3%509488465442417
  Buy Backs-8.8%1,3801,5131,4111,225527

Risks for CARR

What is the probability of a big loss on CARR?

38.0%


Probability that Carrier Global stock will be more than 20% underwater in next one year

23.4%


Probability that Carrier Global stock will be more than 30% underwater in next one year.

6.3%


Probability that Carrier Global stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CARR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Carrier Global was unfortunately bought at previous high price.

Drawdowns

Returns for CARR

Cumulative Returns on CARR

57.1%


3-Year Cumulative Returns

Which funds bought or sold CARR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-11.17
34,429
1,082,430
0.03%
2023-03-13
Claro Advisors LLC
new
-
215,415
215,415
0.07%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
1,140
158,838,000
170,697,000
0.19%
2023-03-10
MATHER GROUP, LLC.
new
-
359,453
359,453
0.01%
2023-03-07
Nordwand Advisors, LLC
new
-
4,560,810
4,560,810
0.57%
2023-03-06
Aldebaran Financial Inc.
reduced
-5.11
18,969
229,969
0.25%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-17.82
-4,492,000
91,610,000
0.46%
2023-03-03
TIAA, FSB
reduced
-4.23
144,815
1,453,820
0.01%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
269,611
269,611
-%
2023-03-01
Lakewood Asset Management LLC
new
-
1,362,000
1,362,000
1.10%

1–10 of 48

Latest Funds Activity

Are funds buying CARR calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own CARR
No. of Funds

Carrier Global News

MarketBeat

Curbstone Financial Management Corp Has $962000 Holdings in ....

MarketBeat,
20 hours ago

Nasdaq

Marketscreener.com

Schedule 13G FIlings of Carrier Global

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2023
capital international investors
7.1%
59,000,214
SC 13G/A
Feb 13, 2023
capital world investors
9.8%
81,933,352
SC 13G/A
Feb 13, 2023
capital research global investors
9.3%
78,167,940
SC 13G/A
Feb 09, 2023
vanguard group inc
11.12%
93,020,286
SC 13G/A
Jan 31, 2023
blackrock inc.
7.0%
58,595,207
SC 13G/A
May 10, 2022
capital world investors
10.1%
86,068,361
SC 13G/A
Feb 11, 2022
capital international investors
6.5%
56,082,639
SC 13G
Feb 11, 2022
capital research global investors
8.0%
69,450,096
SC 13G/A
Feb 11, 2022
capital world investors
7.7%
66,568,066
SC 13G
Feb 09, 2022
vanguard group inc
10.54%
91,336,281
SC 13G/A

CARR Fair Value

Carrier Global fair value in different scenarios

The table shows the Fair Value estimates for Carrier Global for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

33.04

-24.77%

46.24

5.28%

61.82

40.76%

87.17

98.47%

107.73

145.29%
Current Inflation

30.67

-30.17%

42.03

-4.30%

54.96

25.14%

76.24

73.59%

93.37

112.59%
Very High Inflation

27.72

-36.89%

36.93

-15.92%

46.88

6.74%

63.60

44.81%

76.92

75.14%

Historical Carrier Global Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Carrier Global

View All Filings
Date Filed Form Type Document
Mar 07, 2023
ARS
ARS
Mar 07, 2023
DEF 14A
DEF 14A
Mar 07, 2023
DEFA14A
DEFA14A
Mar 03, 2023
4
Insider Trading
Feb 24, 2023
4/A
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading

Latest Insider Trading transactions for CARR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-02
Villeneuve Nadia
back to issuer
-121,659
45.48
-2,675
senior vp & chro
2023-03-02
Villeneuve Nadia
acquired
121,682
18.81
6,469
senior vp & chro
2023-03-02
Villeneuve Nadia
sold
-933,445
45.4497
-20,538
senior vp & chro
2023-02-13
Nelson Christopher John
back to issuer
-8,296,460
45.42
-182,661
president, hvac
2023-02-13
Nelson Christopher John
acquired
8,296,490
20.95
396,014
president, hvac
2023-02-13
Nelson Christopher John
sold
-9,665,450
45.3026
-213,353
president, hvac
2023-02-10
Nelson Christopher John
sold (taxes)
-2,644
44.83
-59.00
president, hvac
2023-02-10
Nelson Christopher John
acquired
-
-
138
president, hvac
2023-02-10
Gitlin David L.
sold (taxes)
-6,724
44.83
-150
chairman and ceo
2023-02-10
O'Connor Kevin J.
acquired
-
-
310
senior vp & clo

1–10 of 50

David L. Gitlin
58000
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.

CARR Income Statement

2022-09-30
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Net sales    
Net sales$ 5,451$ 5,341$ 15,316$ 15,480
Costs and expenses    
Research and development(143)(123)(390)(369)
Selling, general and administrative(624)(748)(1,839)(2,304)
Total Costs and expenses(4,741)(4,611)(13,328)(13,539)
Equity method investment net earnings6376222201
Other income (expense), net753221,87240
Operating profit1,5268284,0822,182
Non-service pension (expense) benefit014(2)51
Interest (expense) income, net(56)(74)(165)(238)
Income from operations before income taxes1,4707683,9151,995
Income tax (expense) benefit(138)(288)(609)(626)
Net income from operations1,3324803,3061,369
Less: Non-controlling interest in subsidiaries' earnings from operations20114229
Net income attributable to common shareowners$ 1,312$ 469$ 3,264$ 1,340
Earnings per share    
Basic (in dollars per share)$ 1.56$ 0.54$ 3.86$ 1.54
Diluted (in dollars per share)$ 1.53$ 0.53$ 3.78$ 1.50
Weighted-average number of shares outstanding    
Basic (in shares)839.6867.6846.1868.6
Diluted (in shares)856.5892.0864.3890.9
Product    
Net sales    
Net sales$ 4,891$ 4,510$ 13,723$ 12,958
Costs and expenses    
Cost of products and services sold(3,569)(3,172)(9,930)(9,131)
Service    
Net sales    
Net sales5608311,5932,522
Costs and expenses    
Cost of products and services sold$ (405)$ (568)$ (1,169)$ (1,735)

CARR Balance Sheet

2022-09-30
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets  
Cash and cash equivalents$ 2,985$ 2,987
Accounts receivable, net3,0032,403
Contract assets, current666503
Inventories, net2,6641,970
Assets held for sale03,168
Other assets, current422376
Total current assets9,74011,407
Future income tax benefits619563
Fixed assets, net2,0551,826
Operating lease right-of-use assets625640
Intangible assets, net1,309509
Goodwill9,6219,349
Pension and post-retirement assets2343
Equity method investments1,1511,593
Other assets207242
Total Assets25,35026,172
Liabilities and Equity  
Accounts payable2,8172,334
Accrued liabilities2,5372,561
Contract liabilities, current440415
Liabilities held for sale01,134
Current portion of long-term debt219183
Total current liabilities6,0136,627
Long-term debt8,6709,513
Future pension and post-retirement obligations431380
Future income tax obligations522354
Operating lease liabilities514527
Other long-term liabilities1,7371,677
Total Liabilities17,88719,078
Commitments and contingent liabilities (Note 19)
Equity  
Common stock99
Treasury stock(1,791)(529)
Additional paid-in capital5,4635,411
Retained earnings5,8762,865
Accumulated other comprehensive loss(2,405)(989)
Non-controlling interest311327
Total Equity7,4637,094
Total Liabilities and Equity$ 25,350$ 26,172