Founded by the inventor of modern air conditioning, Carrier is a world leader in high-technology heating, air-conditioning and refrigeration solutions. Carrier experts provide sustainable solutions, integrating energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers. Carrier is a part of Carrier Global Corporation, the leading global provider of healthy, safe and sustainable building and cold chain solutions.
Company profile
Ticker
CARR
Exchange
Website
CEO
David L. Gitlin
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
A. Werner GmbH • Access Control Systems Limited • Ainsworth Holdings SAS • AirSense Technology Limited • ALC Systems Integration Group, Inc. • Aldridge Holdings LLC • Arabian Air Conditioning Company • Ardmore Holdings S.a.r.l. • Automated Logic - Canada, Ltd. • Automated Logic Contracting Services, Inc. ...
IRS number
834051582
CARR stock data
Analyst ratings and price targets
Current price
Average target
$48.57
Low target
$45.00
High target
$53.00
Wells Fargo
Maintains
$47.00
Mizuho
Upgraded
$53.00
Morgan Stanley
Maintains
$47.00
Goldman Sachs
Maintains
$53.00
Citigroup
Maintains
$45.00
Deutsche Bank
Maintains
$46.00
Cowen & Co.
Maintains
$49.00
Latest filings (excl ownership)
10-Q
2022 Q3
Quarterly report
27 Oct 22
8-K
Carrier Reports Third Quarter 2022 Results
27 Oct 22
8-K
Carrier Global Corporation Appoints Susan N. Story to its Board of Directors
29 Sep 22
10-Q
2022 Q2
Quarterly report
28 Jul 22
8-K
Carrier Reports Second Quarter 2022 Results
28 Jul 22
SD
Conflict minerals disclosure
31 May 22
10-Q
2022 Q1
Quarterly report
28 Apr 22
8-K
Carrier Reports First Quarter 2022 Results
28 Apr 22
8-K
Submission of Matters to a Vote of Security Holders
15 Apr 22
DEF 14A
Definitive proxy
1 Mar 22
Transcripts
CARR
Earnings call transcript
2022 Q2
28 Jul 22
CARR
Earnings call transcript
2022 Q1
28 Apr 22
CARR
Earnings call transcript
2021 Q4
8 Feb 22
CARR
Earnings call transcript
2021 Q3
28 Oct 21
CARR
Earnings call transcript
2021 Q2
29 Jul 21
CARR
Earnings call transcript
2021 Q4
25 May 21
CARR
Earnings call transcript
2021 Q1
29 Apr 21
CARR
Earnings call transcript
2020 Q4
9 Feb 21
CARR
Earnings call transcript
2020 Q3
29 Oct 20
CARR
Earnings call transcript
2020 Q2
30 Jul 20
Latest ownership filings
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 21 | Dec 20 | |
|---|---|---|---|
| Revenue | |||
| Cost of revenue | |||
| Operating income | |||
| Operating margin | |||
| Net income | |||
| Net profit margin | |||
| Cash on hand | |||
| Change in cash | |||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 2.99 bn | 2.99 bn | 2.99 bn | 2.99 bn | 2.99 bn | 2.99 bn |
| Cash burn (monthly) | 11.33 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 44.29 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 2.95 bn | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 260.0 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
80.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1090 |
| Opened positions | 75 |
| Closed positions | 100 |
| Increased positions | 360 |
| Reduced positions | 440 |
| 13F shares | Current |
|---|---|
| Total value | 24.01 bn |
| Total shares | 675.05 mm |
| Total puts | 1.04 mm |
| Total calls | 1.40 mm |
| Total put/call ratio | 0.7 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 92.76 mm | $3.30 bn |
| Capital Research Global Investors | 82.38 mm | $2.93 bn |
| Capital World Investors | 75.24 mm | $2.68 bn |
| Capital International Investors | 58.49 mm | $2.08 bn |
| BLK Blackrock | 58.16 mm | $2.07 bn |
| Dodge & Cox | 17.72 mm | $630.24 mm |
| Nuveen Asset Management | 17.11 mm | $608.40 mm |
| Geode Capital Management | 16.67 mm | $592.04 mm |
| Fiera Capital | 12.70 mm | $438.60 mm |
| NTRS Northern Trust | 9.36 mm | $332.83 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Jan 23 | Story Susan N | Director DSU Common Stock | Grant | Acquire A | No | No | 45.43 | 3,576.932 | 162.50 k | 3,576.932 |
| 2 Jan 23 | Kevin J. O'Connor | Common Stock | Payment of exercise | Dispose F | No | No | 41.25 | 12,487 | 515.09 k | 28,500 |
| 2 Jan 23 | Kevin J. O'Connor | Common Stock | Option exercise | Acquire M | No | No | 0 | 40,471 | 0.00 | 40,987 |
| 2 Jan 23 | Kevin J. O'Connor | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 40,471 | 0.00 | 0 |
| 1 Dec 22 | Jurgen Timperman | Common Stock | Payment of exercise | Dispose F | No | No | 44.93 | 948 | 42.59 k | 0 |
| 1 Dec 22 | Jurgen Timperman | Common Stock | Option exercise | Acquire M | No | No | 0 | 948 | 0.00 | 948 |
| 1 Dec 22 | Jurgen Timperman | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 948 | 0.00 | 24,462 |
| 1 Dec 22 | Nadia Villeneuve | Common Stock | Payment of exercise | Dispose F | No | No | 44.93 | 833 | 37.43 k | 48,916 |
| 1 Dec 22 | Nadia Villeneuve | Common Stock | Option exercise | Acquire M | No | No | 0 | 833 | 0.00 | 49,749 |
| 1 Dec 22 | Nadia Villeneuve | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 833 | 0.00 | 21,478 |
News
Wells Fargo Maintains Equal-Weight on Carrier Global, Raises Price Target to $47
19 Jan 23
Where Carrier Global Stands With Analysts
13 Jan 23
Benzinga's Top Ratings Upgrades, Downgrades For January 13, 2023
13 Jan 23
Mizuho Upgrades Carrier Global to Buy, Raises Price Target to $53
13 Jan 23
Morgan Stanley Maintains Overweight on Carrier Global, Raises Price Target to $47
6 Jan 23
Press releases
Carrier Fourth Quarter Earnings Advisory
17 Jan 23
Carrier to Expand Its Digital Solutions Available on AWS
19 Dec 22
Carrier Board of Directors Increases Quarterly Dividend by 23%
7 Dec 22
Schedule Change for Carrier Presentation at the Stephens Annual Investment Conference
15 Nov 22
Carrier Advances Cold Chain Development Across Africa through Collaborations with Leading International Organizations
10 Nov 22