Is Carrier Global Stock a Good Investment?
Carrier Global Investment Advice | CARR |
- Examine Carrier Global's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Carrier Global's leadership team and their track record. Good management can help Carrier Global navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Building Products space and any emerging trends that could impact Carrier Global's business and its evolving consumer preferences.
- Compare Carrier Global's performance and market position to its competitors. Analyze how Carrier Global is positioned in terms of product offerings, innovation, and market share.
- Check if Carrier Global pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Carrier Global's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Carrier Global Corp stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Carrier Global Corp is a good investment.
Sell | Buy |
Strong Hold
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Strong | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine Carrier Global Stock
Researching Carrier Global's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 85.0% of the company shares are held by institutions such as insurance companies. The book value of Carrier Global was currently reported as 16.37. The company has Price/Earnings To Growth (PEG) ratio of 1.84. Carrier Global Corp last dividend was issued on the 25th of October 2024.
To determine if Carrier Global is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Carrier Global's research are outlined below:
| Carrier Global Corp has a strong financial position based on the latest SEC filings | |
| Over 85.0% of the company shares are held by institutions such as insurance companies | |
| On 18th of November 2024 Carrier Global paid $ 0.19 per share dividend to its current shareholders | |
| Latest headline from zacks.com: Garmin Up 6.9 percent Since Last Earnings Report Can It Continue |
Carrier Global Quarterly Cash And Short Term Investments |
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Carrier Global uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Carrier Global Corp. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Carrier Global's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 6th of February 2024 Upcoming Quarterly Report | View | |
| 23rd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 6th of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Carrier Global's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Carrier Global's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2022-02-08 | 2021-12-31 | 0.39 | 0.44 | 0.05 | 12 | ||
2021-02-09 | 2020-12-31 | 0.36 | 0.31 | -0.05 | 13 | ||
2022-07-28 | 2022-06-30 | 0.62 | 0.69 | 0.07 | 11 | ||
2022-04-28 | 2022-03-31 | 0.47 | 0.54 | 0.07 | 14 | ||
2020-07-30 | 2020-06-30 | 0.25 | 0.33 | 0.08 | 32 | ||
2021-07-29 | 2021-06-30 | 0.55 | 0.64 | 0.09 | 16 | ||
2023-10-26 | 2023-09-30 | 0.79 | 0.89 | 0.1 | 12 | ||
2024-04-25 | 2024-03-31 | 0.51 | 0.62 | 0.11 | 21 |
Know Carrier Global's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Carrier Global is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Carrier Global Corp backward and forwards among themselves. Carrier Global's institutional investor refers to the entity that pools money to purchase Carrier Global's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Nuveen Asset Management, Llc | 2024-06-30 | 12.8 M | Fmr Inc | 2024-09-30 | 8.7 M | Norges Bank | 2024-06-30 | 8 M | Fiera Capital Corporation | 2024-06-30 | 7.9 M | Northern Trust Corp | 2024-09-30 | 7.6 M | Legal & General Group Plc | 2024-06-30 | 6.5 M | Ubs Asset Mgmt Americas Inc | 2024-09-30 | 6 M | T. Rowe Price Associates, Inc. | 2024-06-30 | 5.9 M | Pictet Asset Manangement Sa | 2024-06-30 | 5.9 M | Capital Research Global Investors | 2024-09-30 | 95.2 M | Vanguard Group Inc | 2024-09-30 | 95.2 M |
Carrier Global's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 69.42 B.Market Cap |
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Carrier Global's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.06 | 0.05 | |
| Return On Capital Employed | 0.09 | 0.15 | |
| Return On Assets | 0.04 | 0.04 | |
| Return On Equity | 0.16 | 0.18 |
Determining Carrier Global's profitability involves analyzing its financial statements and using various financial metrics to determine if Carrier Global is a good buy. For example, gross profit margin measures Carrier Global's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Carrier Global's profitability and make more informed investment decisions.
Carrier Global's Earnings Breakdown by Geography
Evaluate Carrier Global's management efficiency
Carrier Global Corp has return on total asset (ROA) of 0.0418 % which means that it generated a profit of $0.0418 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1393 %, meaning that it created $0.1393 on every $100 dollars invested by stockholders. Carrier Global's management efficiency ratios could be used to measure how well Carrier Global manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Carrier Global's Return On Capital Employed is relatively stable compared to the past year. As of 11/30/2024, Return On Equity is likely to grow to 0.18, while Return On Tangible Assets are likely to drop 0.05. At this time, Carrier Global's Other Assets are relatively stable compared to the past year. As of 11/30/2024, Other Current Assets is likely to grow to about 3.9 B, while Total Current Assets are likely to drop slightly above 10.5 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 10.75 | 13.56 | |
| Tangible Book Value Per Share | (0.01) | (0.01) | |
| Enterprise Value Over EBITDA | 17.66 | 18.54 | |
| Price Book Value Ratio | 5.54 | 2.79 | |
| Enterprise Value Multiple | 17.66 | 18.54 | |
| Price Fair Value | 5.54 | 2.79 |
The strategic initiatives led by Carrier Global's management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Dividend Yield 0.0099 | Forward Dividend Yield 0.0099 | Forward Dividend Rate 0.76 | Beta 1.212 |
Basic technical analysis of Carrier Stock
As of the 30th of November, Carrier Global shows the Risk Adjusted Performance of 0.0691, mean deviation of 1.26, and Downside Deviation of 2.03. Carrier Global Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Please confirm Carrier Global Corp standard deviation, maximum drawdown, as well as the relationship between the Maximum Drawdown and expected short fall to decide if Carrier Global Corp is priced correctly, providing market reflects its regular price of 77.37 per share. Given that Carrier Global has jensen alpha of (0.02), we suggest you to validate Carrier Global Corp's prevailing market performance to make sure the company can sustain itself at a future point.Carrier Global's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Carrier Global insiders, such as employees or executives, is commonly permitted as long as it does not rely on Carrier Global's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Carrier Global insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Jurgen Timperman over three weeks ago Disposition of 14211 shares by Jurgen Timperman of Carrier Global at 59.4 subject to Rule 16b-3 | ||
David Gitlin over six months ago Disposition of 46819 shares by David Gitlin of Carrier GlobalCorp at 18.53 subject to Rule 16b-3 | ||
Story Susan N over six months ago Acquisition by Story Susan N of 6088 shares of Carrier GlobalCorp subject to Rule 16b-3 | ||
O'connor Kevin J. over six months ago Disposition of 20000 shares by Oconnor Kevin J. of Carrier Global at 65.7312 subject to Rule 16b-3 | ||
Beth Wozniak over six months ago Acquisition by Beth Wozniak of 4098 shares of Carrier GlobalCorp subject to Rule 16b-3 | ||
David Gitlin over six months ago Acquisition by David Gitlin of 320042 shares of Carrier GlobalCorp at 21.43 subject to Rule 16b-3 | ||
Timothy White over a year ago Exercise or conversion by Timothy White of 10611 shares of Carrier GlobalCorp subject to Rule 16b-3 |
Carrier Global's Outstanding Corporate Bonds
Carrier Global issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Carrier Global Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Carrier bonds can be classified according to their maturity, which is the date when Carrier Global Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| CARRIER GLOBAL P Corp BondUS14448CAS35 | View | |
| CARRIER GLOBAL P Corp BondUS14448CAR51 | View | |
| CARRIER GLOBAL P Corp BondUS14448CAQ78 | View | |
| US14445LAA52 Corp BondUS14445LAA52 | View | |
| CARRIER GLOBAL P Corp BondUS14448CAP95 | View | |
| CARRIER GLOBAL P Corp BondUS14448CAN48 | View |
Understand Carrier Global's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Carrier Global's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0691 | |||
| Market Risk Adjusted Performance | 0.1239 | |||
| Mean Deviation | 1.26 | |||
| Semi Deviation | 1.9 | |||
| Downside Deviation | 2.03 | |||
| Coefficient Of Variation | 1205.24 | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.18 | |||
| Information Ratio | 0.0058 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0051 | |||
| Treynor Ratio | 0.1139 | |||
| Maximum Drawdown | 11.86 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.43 | |||
| Downside Variance | 4.12 | |||
| Semi Variance | 3.6 | |||
| Expected Short fall | (1.37) | |||
| Skewness | (1.97) | |||
| Kurtosis | 8.71 |
| Risk Adjusted Performance | 0.0691 | |||
| Market Risk Adjusted Performance | 0.1239 | |||
| Mean Deviation | 1.26 | |||
| Semi Deviation | 1.9 | |||
| Downside Deviation | 2.03 | |||
| Coefficient Of Variation | 1205.24 | |||
| Standard Deviation | 1.78 | |||
| Variance | 3.18 | |||
| Information Ratio | 0.0058 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0051 | |||
| Treynor Ratio | 0.1139 | |||
| Maximum Drawdown | 11.86 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 2.43 | |||
| Downside Variance | 4.12 | |||
| Semi Variance | 3.6 | |||
| Expected Short fall | (1.37) | |||
| Skewness | (1.97) | |||
| Kurtosis | 8.71 |
Consider Carrier Global's intraday indicators
Carrier Global intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Carrier Global stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 19747.54 | |||
| Daily Balance Of Power | 0.6104 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 77.66 | |||
| Day Typical Price | 77.57 | |||
| Price Action Indicator | (0.06) | |||
| Period Momentum Indicator | 0.47 | |||
| Relative Strength Index | 53.99 |
Carrier Global Corporate Filings
F3 | 29th of November 2024 An amendment to the original Schedule 13D filing | ViewVerify |
13A | 13th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 8th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
10Q | 25th of October 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
Carrier Stock media impact
Far too much social signal, news, headlines, and media speculation about Carrier Global that are available to investors today. That information is available publicly through Carrier media outlets and privately through word of mouth or via Carrier internal channels. However, regardless of the origin, that massive amount of Carrier data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Carrier Global news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Carrier Global relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Carrier Global's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Carrier Global alpha.
Carrier Global Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Carrier Global can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Carrier Global Corp Historical Investor Sentiment
Investor biases related to Carrier Global's public news can be used to forecast risks associated with an investment in Carrier. The trend in average sentiment can be used to explain how an investor holding Carrier can time the market purely based on public headlines and social activities around Carrier Global Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Carrier Global's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Carrier Global and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Carrier Global news discussions. The higher the estimate score, the more favorable the investor's outlook on Carrier Global.
Carrier Global Corporate Management
| Michael Todman | Independent Director | Profile | |
| Milena Oliveira | Senior Officer | Profile | |
| John Faraci | Executive Chairman of the Board | Profile | |
| David Appel | President - Refrigeration | Profile |
Additional Tools for Carrier Stock Analysis
When running Carrier Global's price analysis, check to measure Carrier Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Carrier Global is operating at the current time. Most of Carrier Global's value examination focuses on studying past and present price action to predict the probability of Carrier Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Carrier Global's price. Additionally, you may evaluate how the addition of Carrier Global to your portfolios can decrease your overall portfolio volatility.