Market Summary
USD52.43-1.40
Delayedas of 21 Sep 2023, 11:12 am-2.60%
CARR Alerts
CARR Stock Price
CARR RSI Chart
CARR Valuation
CARR Price/Sales (Trailing)
CARR Profitability
CARR Fundamentals
CARR Revenue
CARR Earnings
Price Action
52 Week Range
32.9760.04
(Low)(High)
Last 7 days
-2.5%
Last 30 days
0.5%
Last 90 days
12.5%
Trailing 12 Months
43.0%
CARR Financial Health
CARR Investor Care
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Net sales
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Latest Insider Trading transactions for CARR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-01 | White Timothy N | sold (taxes) | -210,438 | 57.94 | -3,632 | president, refrigeration |
2023-09-01 | White Timothy N | acquired | - | - | 10,611 | president, refrigeration |
2023-07-31 | Timperman Jurgen | back to issuer | -6,292,220 | 59.2705 | -106,161 | president, fire & security |
2023-07-31 | Crockett Kyle | sold | -403,670 | 59.2152 | -6,817 | vice president, controller |
2023-07-31 | Crockett Kyle | acquired | 306,960 | 25.58 | 12,000 | vice president, controller |
2023-07-31 | Crockett Kyle | back to issuer | -306,937 | 59.22 | -5,183 | vice president, controller |
2023-07-31 | Timperman Jurgen | acquired | 6,292,480 | 23.2529 | 270,611 | president, fire & security |
2023-07-31 | Timperman Jurgen | sold | -1,953,600 | 59.2 | -33,000 | president, fire & security |
2023-07-31 | Timperman Jurgen | sold | -9,743,760 | 59.2506 | -164,450 | president, fire & security |
2023-06-08 | Timperman Jurgen | back to issuer | -5,447,780 | 45.0066 | -121,044 | president, fire & security |
Which funds bought or sold CARR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-18 | WASHINGTON CAPITAL MANAGEMENT, INC | new | - | 477,216 | 477,216 | 0.41% |
2023-09-13 | CGC Financial Services, LLC | new | - | 18,890 | 18,890 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -5.27 | 1,703 | 59,851 | 0.01% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | unchanged | - | 36,507 | 458,276 | 0.13% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 287,572 | 287,572 | 0.01% |
2023-08-30 | Western Wealth Management, LLC | reduced | -0.84 | 22,827 | 317,790 | 0.03% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 8,588 | 27,568 | -% |
2023-08-24 | Alberta Investment Management Corp | reduced | -9.61 | -13,909 | 765,534 | 0.01% |
2023-08-23 | HEADINVEST, LLC | reduced | -4.01 | 258,940 | 1,825,100 | 0.39% |
2023-08-23 | Stonebridge Capital Advisors LLC | unchanged | - | 6,554 | 82,270 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
CARR Alerts
Schedule 13G FIlings of Carrier Global
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 10, 2023 | capital research global investors | 10.3% | 86,117,309 | SC 13G/A | |
| 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 |
Recent SEC filings of Carrier Global
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 10, 2023 | SC 13G/A | Major Ownership Report | |
| Jul 31, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 4 | Insider Trading | |
| Jul 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 31, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 28, 2023 | S-3ASR | S-3ASR | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jul 27, 2023 | 10-Q | Quarterly Report |
CARR Fair Value
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Peers (Alternatives to Carrier Global)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
TT | 46.0B | 16.8B | 1.42% | 30.05% | 24.4 | 2.73 | 13.35% | 25.94% |
CARR | 45.0B | 21.8B | 0.49% | 42.95% | 20.18 | 2.06 | 7.29% | -19.96% |
BLDR | 15.9B | 18.5B | -4.22% | 125.82% | 8.54 | 0.86 | -18.55% | -30.63% |
| MID-CAP | ||||||||
AAON | 5.0B | 1.0B | -1.21% | 60.41% | 33.54 | 4.77 | 57.12% | 166.92% |
LII | 13.3B | 4.8B | 7.35% | 58.74% | 24.04 | 2.76 | 8.97% | 17.17% |
OC | 12.2B | 9.7B | -0.30% | 68.94% | 9.23 | 1.26 | 4.49% | 16.58% |
FBHS | 7.7B | 4.5B | -5.00% | -39.38% | 11.25 | 1.64 | -7.22% | -33.29% |
TREX | 7.0B | 975.8M | -5.04% | 37.80% | 49.13 | 7.18 | -28.53% | -44.91% |
CSWI | 2.8B | 761.3M | -1.86% | 41.28% | 28.33 | 3.63 | 14.47% | 29.51% |
| SMALL-CAP | ||||||||
ROCK | 2.4B | 1.4B | -1.81% | 68.42% | 26.5 | 1.74 | -1.82% | 9.53% |
PGTI | 1.6B | 1.5B | -2.71% | 29.71% | 15.11 | 1.04 | 8.65% | 50.65% |
NX | 916.4M | 1.1B | 7.42% | 38.97% | 11.49 | 0.8 | -5.23% | -5.65% |
IIIN | 626.0M | 699.7M | 4.39% | 17.91% | 12.25 | 0.89 | -11.45% | -59.40% |
APT | 50.1M | 56.9M | -6.01% | 5.24% | 18.12 | 0.88 | -9.32% | -22.79% |
Carrier Global News
Returns for CARR
Cumulative Returns on CARR
21.6%
3-Year Cumulative Returns
Risks for CARR
What is the probability of a big loss on CARR?
42.9%
Probability that Carrier Global stock will be more than 20% underwater in next one year
20.1%
Probability that Carrier Global stock will be more than 30% underwater in next one year.
5.4%
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
Financials for Carrier Global
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2017Q4 |
| Revenue | 3.7% | 21,821 | 21,040 | 20,421 | 20,449 | 20,339 | 20,568 | 20,613 | 20,074 | 19,735 | 18,267 | 17,456 | 17,363 | 17,183 | 18,173 | 18,608 | 18,809 | 18,570 | 17,292 | 18,914 | 17,814 |
| S&GA Expenses | 6.5% | 2,802 | 2,632 | 2,512 | 2,655 | 2,779 | 2,978 | 3,120 | 3,114 | 3,047 | 2,871 | 2,820 | 2,705 | 2,726 | 2,769 | 2,761 | 2,755 | 2,728 | 2,736 | 2,689 | 2,584 |
| R&D Expenses | 5.2% | 582 | 553 | 539 | 524 | 504 | 507 | 503 | 496 | 473 | 442 | 419 | 391 | 393 | 402 | 401 | 403 | 400 | 388 | 400 | 364 |
| EBITDA | -100.0% | - | 3,550 | 4,672 | 4,664 | 3,943 | 4,245 | 3,057 | - | - | 3,692 | 3,489 | 2,870 | 2,499 | 2,879 | 3,035 | 3,125 | 3,154 | 2,528 | 4,215 | 3,440 |
| EBITDA Margin | -100.0% | - | 0.17* | 0.23* | 0.23* | 0.19* | 0.21* | 0.15* | - | - | 0.20* | 0.20* | 0.17* | 0.15* | 0.16* | 0.16* | 0.17* | 0.17* | 0.15* | 0.22* | 0.19* |
| Earnings Before Taxes | -10.8% | 2,778 | 3,113 | 4,292 | 4,320 | 3,618 | 3,592 | 2,400 | 3,171 | 3,412 | 3,056 | 2,855 | 2,270 | 1,940 | 2,424 | 2,672 | 2,775 | 2,804 | 2,172 | 3,842 | 3,054 |
| EBT Margin | -100.0% | - | 0.15* | 0.21* | 0.21* | 0.18* | 0.17* | 0.12* | 0.16* | 0.17* | 0.17* | 0.16* | 0.13* | 0.11* | 0.13* | 0.14* | 0.15* | 0.15* | 0.13* | 0.20* | 0.17* |
| Net Income | -13.7% | 2,230 | 2,584 | 3,584 | 3,638 | 2,786 | 2,696 | 1,701 | 2,253 | 2,521 | 2,293 | 2,003 | 1,559 | 1,303 | 1,818 | 2,116 | 2,235 | 2,368 | 1,600 | 2,769 | 1,227 |
| Net Income Margin | -100.0% | - | 0.12* | 0.18* | 0.18* | 0.14* | 0.13* | 0.08* | 0.11* | 0.13* | 0.12* | 0.11* | 0.09* | 0.08* | 0.10* | 0.11* | 0.12* | 0.13* | 0.09* | 0.14* | 0.07* |
| Free Cashflow | -100.0% | - | 2,065 | 1,743 | 1,533 | 1,322 | 1,851 | 2,237 | 1,523 | 1,881 | 1,829 | 1,692 | 2,567 | 2,248 | 2,293 | 2,063 | 1,319 | 742 | -732 | 2,055 | 2,098 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2018Q4 |
| Assets | -0.5% | 26,284 | 26,411 | 26,086 | 25,350 | 23,662 | 24,193 | 26,172 | 25,788 | 25,738 | 24,868 | 25,093 | 25,728 | 24,176 | 22,001 | 22,406 | 21,737 |
| Current Assets | -0.2% | 10,141 | 10,158 | 9,879 | 9,740 | 9,276 | 9,602 | 11,407 | 11,300 | 8,754 | 8,328 | 8,524 | 9,334 | 8,053 | 5,968 | 5,959 | 6,109 |
| Cash Equivalents | -4.1% | 3,209 | 3,347 | 3,520 | 2,985 | 3,017 | 3,604 | 3,025 | 2,671 | 2,630 | 2,599 | 3,115 | 3,848 | 2,704 | 768 | 957 | 1,134 |
| Inventory | -3.7% | 2,699 | 2,803 | 2,640 | 2,664 | 2,350 | 2,358 | 1,970 | 1,926 | 1,885 | 1,854 | 1,629 | 1,581 | 1,639 | 1,556 | 1,332 | 1,363 |
| Net PPE | -0.7% | 2,262 | 2,277 | 2,241 | 2,055 | 1,805 | 1,825 | 1,826 | 1,764 | 1,837 | 1,777 | 1,810 | 1,676 | 1,651 | 1,638 | 1,663 | 1,653 |
| Goodwill | -0.6% | 9,927 | 9,987 | 9,977 | 9,621 | 9,067 | 9,288 | 9,349 | 9,237 | 10,279 | 10,077 | 10,139 | 9,906 | 9,735 | 9,648 | 9,884 | 9,849 |
| Liabilities | 0.3% | 17,996 | 17,943 | 18,010 | 17,887 | 16,670 | 16,763 | 19,078 | 18,566 | 18,618 | 18,050 | 18,515 | 20,291 | 19,810 | 18,975 | 7,971 | 7,468 |
| Current Liabilities | 4.6% | 6,234 | 5,958 | 6,032 | 6,013 | 5,546 | 5,531 | 6,627 | 6,068 | 5,604 | 5,138 | 5,110 | 5,182 | 4,789 | 4,451 | 4,469 | 4,466 |
| Long Term Debt | - | - | - | 8,702 | - | - | - | 9,513 | - | - | - | 10,036 | - | - | - | - | - |
| LT Debt, Current | -5.6% | 134 | 142 | 140 | 219 | 269 | 256 | 183 | 130 | 125 | 153 | 191 | 223 | 301 | 218 | 237 | - |
| LT Debt, Non Current | -0.6% | 8,655 | 8,708 | 8,702 | 8,670 | 8,298 | 8,305 | 9,513 | 9,558 | 9,600 | 9,577 | 10,036 | 11,751 | 11,728 | 11,029 | 82.00 | - |
| Shareholder's Equity | -2.1% | 8,288 | 8,468 | 8,076 | 7,463 | 6,992 | 7,430 | 7,094 | 7,222 | 7,120 | 6,818 | 6,578 | 5,437 | 4,366 | 3,026 | 14,435 | 14,269 |
| Retained Earnings | -1.8% | 6,129 | 6,239 | 5,866 | 5,876 | 4,564 | 4,244 | 2,865 | 2,774 | 2,305 | 2,027 | 1,643 | 932 | 191 | - | - | - |
| Additional Paid-In Capital | 0% | 5,494 | 5,494 | 5,481 | 5,463 | 5,441 | 5,415 | 5,411 | 5,384 | 5,366 | 5,350 | 5,345 | 5,327 | 5,307 | - | - | - |
| Shares Outstanding | 0.1% | 836 | 835 | 835 | 840 | 846 | 853 | 863 | 868 | 869 | 869 | 868 | 866 | 866 | 866 | - | - |
| Minority Interest | -4.5% | 319 | 334 | 318 | 311 | 296 | 329 | 327 | 322 | 364 | 329 | 326 | 341 | 338 | 329 | 333 | 352 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2017Q4 |
| Cashflow From Operations | 17.0% | 2,417 | 2,065 | 1,743 | 1,533 | 1,322 | 1,851 | 2,237 | 1,523 | 1,881 | 1,829 | 1,692 | 2,567 | 2,248 | 2,293 | 2,063 | 1,319 | 742 | -732 | 2,055 | 2,098 |
| Share Based Compensation | -2.6% | 76.00 | 78.00 | 77.00 | 90.00 | 94.00 | 95.00 | 92.00 | 82.00 | 82.00 | 83.00 | 77.00 | 68.00 | 65.00 | 57.00 | 52.00 | 53.00 | 44.00 | 32.00 | 44.00 | 34.00 |
| Cashflow From Investing | -1.8% | -1,196 | -1,175 | 1,745 | 1,779 | 2,254 | 2,177 | -692 | 450 | 908 | 1,185 | 1,106 | 121 | -282 | -344 | -259 | -200 | -160 | -172 | 415 | 271 |
| Cashflow From Financing | 10.8% | -1,003 | -1,124 | -2,931 | -2,921 | -3,098 | -2,939 | -1,562 | -3,079 | -2,894 | -1,248 | -681 | 286 | -175 | -2,001 | -1,982 | -1,460 | -984 | -228 | -2,627 | -2,193 |
| Dividend Payments | 5.1% | 561 | 534 | 509 | 488 | 465 | 442 | 417 | 381 | 347 | 242 | 138 | 70.00 | - | - | - | - | - | - | - | - |
| Buy Backs | -39.5% | 428 | 708 | 1,380 | 1,513 | 1,411 | 1,225 | 527 | 275 | 130 | 36.00 | - | - | - | - | - | - | - | - | - | - |
CARR Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Net sales | ||||
| Total Net sales | $ 5,992 | $ 5,211 | $ 11,265 | $ 9,865 |
| Costs and expenses | ||||
| Research and development | (151) | (122) | (290) | (247) |
| Selling, general and administrative | (784) | (614) | (1,505) | (1,215) |
| Total Costs and expenses | (5,172) | (4,500) | (9,927) | (8,587) |
| Equity method investment net earnings | 52 | 101 | 96 | 159 |
| Other income (expense), net | (383) | 7 | (390) | 1,119 |
| Operating profit | 489 | 819 | 1,044 | 2,556 |
| Non-service pension (expense) benefit | 0 | (1) | 0 | (2) |
| Interest (expense) income, net | (67) | (61) | (113) | (109) |
| Income from operations before income taxes | 422 | 757 | 931 | 2,445 |
| Income tax (expense) benefit | (189) | (170) | (311) | (471) |
| Net income from operations | 233 | 587 | 620 | 1,974 |
| Less: Non-controlling interest in subsidiaries' earnings from operations | 34 | 14 | 48 | 22 |
| Net income attributable to common shareowners | $ 199 | $ 573 | $ 572 | $ 1,952 |
| Earnings per share | ||||
| Basic (in dollars per share) | $ 0.24 | $ 0.68 | $ 0.68 | $ 2.30 |
| Diluted (in dollars per share) | $ 0.23 | $ 0.67 | $ 0.67 | $ 2.25 |
| Weighted-average number of shares outstanding | ||||
| Basic (in shares) | 836.0 | 845.7 | 835.5 | 849.5 |
| Diluted (in shares) | 850.9 | 862.7 | 851.5 | 868.4 |
| Product | ||||
| Net sales | ||||
| Total Net sales | $ 5,355 | $ 4,662 | $ 10,041 | $ 8,832 |
| Costs and expenses | ||||
| Cost of products and services sold | (3,769) | (3,363) | (7,227) | (6,361) |
| Service | ||||
| Net sales | ||||
| Total Net sales | 637 | 549 | 1,224 | 1,033 |
| Costs and expenses | ||||
| Cost of products and services sold | $ (468) | $ (401) | $ (905) | $ (764) |
CARR Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 3,209 | $ 3,520 |
| Accounts receivable, net | 3,212 | 2,833 |
| Contract assets, current | 578 | 537 |
| Inventories, net | 2,699 | 2,640 |
| Other assets, current | 443 | 349 |
| Total current assets | 10,141 | 9,879 |
| Future income tax benefits | 690 | 612 |
| Fixed assets, net | 2,262 | 2,241 |
| Operating lease right-of-use assets | 600 | 642 |
| Intangible assets, net | 1,181 | 1,342 |
| Goodwill | 9,927 | 9,977 |
| Pension and post-retirement assets | 32 | 26 |
| Equity method investments | 1,139 | 1,148 |
| Other assets | 312 | 219 |
| Total Assets | 26,284 | 26,086 |
| Liabilities and Equity | ||
| Accounts payable | 2,956 | 2,833 |
| Accrued liabilities | 2,661 | 2,610 |
| Contract liabilities, current | 483 | 449 |
| Current portion of long-term debt | 134 | 140 |
| Total current liabilities | 6,234 | 6,032 |
| Long-term debt | 8,655 | 8,702 |
| Future pension and post-retirement obligations | 350 | 349 |
| Future income tax obligations | 560 | 568 |
| Operating lease liabilities | 485 | 529 |
| Other long-term liabilities | 1,712 | 1,830 |
| Total Liabilities | 17,996 | 18,010 |
| Commitments and contingent liabilities (Note 19) | ||
| Equity | ||
| Common stock | 9 | 9 |
| Treasury stock | (1,972) | (1,910) |
| Additional paid-in capital | 5,494 | 5,481 |
| Retained earnings | 6,129 | 5,866 |
| Accumulated other comprehensive loss | (1,691) | (1,688) |
| Non-controlling interest | 319 | 318 |
| Total Equity | 8,288 | 8,076 |
| Total Liabilities and Equity | $ 26,284 | $ 26,086 |
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.