Stock of the Day

Carrier Global (CARR)

$65.44

-$0.32 (-0.5%)

Market Cap: $55.69B

About Carrier Global

Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies in the United States, Europe, the Asia Pacific, and internationally.

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, heat pumps, 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. This segment also offers fire and security service, such as audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. It offers its products under the Autronica, Det-Tronics, Edwards, Aritech, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. Carrier Global Corporation was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.

Carrier Global Bull Case

Here are some ways that investors could benefit from investing in Carrier Global Co.:

• The company recently reported earnings per share (EPS) of $0.92, exceeding analysts' expectations, which indicates strong financial performance and potential for growth.
• Carrier Global Co. has a solid net margin of over 18%, suggesting effective cost management and profitability, which can be attractive to investors looking for stable returns.
• The current stock price is around $65, which may present a buying opportunity for investors considering the company's growth potential and recent performance.
• With a return on equity of 17.83%, Carrier Global Co. demonstrates efficient use of shareholder equity to generate profits, a key indicator of financial health.
• The company has a consistent dividend payout ratio of approximately 19.61%, providing a reliable income stream for investors through dividends.

Carrier Global Bear Case

Investors should be bearish about investing in Carrier Global Co. for these reasons:

• Recent analyst ratings have shown mixed sentiments, with some firms lowering their target prices, which may indicate a lack of confidence in the stock's short-term performance.
• The stock has experienced fluctuations, with a 52-week high of $83.32 and a low of $54.22, suggesting volatility that could deter risk-averse investors.
• Insider selling activity, such as the recent sale of over 4 million shares by a director, may raise concerns about the company's future prospects and insider confidence.
• The company operates in a competitive market for HVAC and building automation technologies, which could impact its market share and profitability.
• Despite a strong dividend, the yield of around 1.3% may not be attractive enough for income-focused investors compared to other investment opportunities.

Recent News

• 5 Must-Read Analyst Questions From Carrier Global’s Q2 Earnings Call (finance.yahoo.com)
• Is Wall Street Bullish or Bearish on Carrier Global Stock? (msn.com)