Carrier Global Corp hits 20-day low amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
0mins
Should l Buy CARR?
Source: SeekingAlpha
Carrier Global Corp's stock price fell by 4.68% during regular trading, hitting a 20-day low. This decline occurs amid broader market strength, with the Nasdaq-100 up 0.31% and the S&P 500 up 0.11%. The movement suggests sector rotation as investors shift their focus to other areas of the market.
The recent acquisition of CCG Automation by Automated Logic, a subsidiary of Carrier Global Corp, aims to strengthen its market position in building automation. This strategic move is expected to enhance Automated Logic's service capabilities and drive innovation in intelligent building technologies. However, the market's positive sentiment towards this acquisition has not translated into immediate gains for Carrier Global Corp's stock, indicating a potential sector rotation.
As the market continues to evolve, Carrier Global Corp may need to leverage its recent acquisition to regain investor confidence and improve its stock performance. The focus on building automation solutions could provide long-term growth opportunities, but the current stock movement reflects a cautious approach from investors.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy CARR?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on CARR
Wall Street analysts forecast CARR stock price to rise
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 66.430
Low
55.00
Averages
69.08
High
90.00
Current: 66.430
Low
55.00
Averages
69.08
High
90.00
About CARR
Carrier Global Corporation is engaged in providing intelligent climate and energy solutions with a focus on providing digitally enabled lifecycle solutions to its customers. The Company’s segment include Climate Solutions Americas, which provides products, controls, services and solutions to meet the heating, ventilation and cooling (HVAC) needs of residential and commercial customers in North and South America; Climate Solutions Europe segment provides products, controls, services and solutions to meet the HVAC needs of residential and commercial customers in Europe; Climate Solutions Asia Pacific, Middle East & Africa segment provides products, controls, services and solutions to meet the HVAC needs of residential and commercial customers in Asia Pacific, the Middle East and Africa; and Climate Solutions Transportation segment includes global transport refrigeration and monitoring products, services and digital solutions for trucks, trailers, shipping containers, intermodal and rail.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Carrier Global Stock Remains Stagnant—Hold Your Investment.
- Stock Performance: Carrier Global's stock has struggled since the recommendation was made.
- Business Outlook: Despite the stock's performance, there are strong reasons to remain optimistic about the company's business fundamentals and future potential.
See More
Capital Group Identifies Attractive Dividend Stock Opportunities
- Dividend Stock Appeal: Christopher Buchbinder from Capital Group highlights the attractiveness of dividend stocks, particularly those rated investment grade with a long history of income payments, which has allowed the CGDV fund to outperform the S&P 500 in down markets.
- Tech Sector Allocation: As of January 31, 26.8% of CGDV's assets are allocated to information technology, particularly semiconductor companies, reflecting the team's confidence in a sustainable AI investment cycle, with expectations that AI will dramatically change lives over the next 5-10 years.
- Energy Sector Opportunities: Although energy comprises only 6.4% of CGDV's portfolio, Buchbinder sees an upcycle in the oil field services sector over the next few years, particularly with Halliburton's collaboration with VoltaGrid to manufacture power systems for AI data centers, indicating long-term growth potential.
- Healthcare Investment: CGDV's largest healthcare holding is Eli Lilly at 3.86%, with Buchbinder believing that the long-term trend of GLP-1 drugs will transform the healthcare landscape in the U.S., positioning Eli Lilly as the market leader while awaiting FDA approval for its oral GLP-1 drug.
See More
Carrier CEO to Participate in Key Conferences
- Conference Participation: Carrier Global Corporation's Chairman and CEO David Gitlin will participate in the Barclays 43rd Annual Industrial Select Conference on February 19, 2026, showcasing the company's leadership in intelligent climate and energy solutions.
- CFO Engagement: Later that day, Chief Financial Officer Patrick Goris will join Gitlin at the Citi 2026 Global Industrial Tech & Mobility Conference, further emphasizing the company's significance in the industry.
- Live Broadcast and Replay: Both events will be broadcast live on Carrier's website, with a replay available afterward, ensuring that investors and the public can access timely information and enhance transparency.
- Company Vision: Carrier is committed to improving quality of life through innovation and advancing climate solutions, demonstrating the company's strong commitment to sustainability and a customer-centric approach.
See More
Significant Stock Movements in Midday Trading
- McKesson Earnings Beat: McKesson's fiscal third-quarter earnings per share exceeded Wall Street's highest estimates, and the adjusted full-year EPS guidance was raised above analyst consensus, leading to a 16% stock price increase, indicating strong performance in the medical supply sector.
- Bob's Discount Furniture IPO: Bob's Discount Furniture debuted on the New York Stock Exchange with shares priced at $17, recently rising 10%, marking a successful entry into the public market and laying the groundwork for future growth.
- Fluence Energy Earnings Miss: Fluence Energy reported first-quarter revenue of $475.2 million, falling short of the $481.2 million consensus, with a per-share loss of 34 cents missing the 21-cent loss estimate, resulting in a 31% stock price drop, reflecting market concerns over its profitability.
- Cardinal Health Guidance Raised: Cardinal Health reported quarterly adjusted earnings of $2.63 per share, exceeding the $2.36 consensus, with revenue of $65.63 billion surpassing the $64.14 billion estimate, leading to an 8% stock price increase, showcasing strong growth potential in the healthcare services sector.
See More
Carrier Global Corporation Q4 2025 Earnings Call Insights
- Performance Overview: Carrier Global Corporation reported Q4 2025 sales of $4.8 billion, with adjusted operating profit at $455 million and adjusted EPS of $0.34, reflecting only a 1% decline in total organic sales despite significant softness in residential and light commercial markets.
- Data Center Growth: The data center segment saw a fourfold increase in orders during Q4, with expectations for revenue growth of about 50% in 2026, indicating the effectiveness of the company's strategic investments in high-growth areas.
- Cost Control Measures: The cost and pricing actions implemented are projected to deliver over $100 million in savings in 2026, helping to offset tariff impacts and enhance material productivity, thereby improving overall profitability.
- Future Outlook: The company anticipates approximately 1% organic growth for 2026, with double-digit growth in commercial HVAC and aftermarket services, although continued pressure in residential and light commercial markets is expected, with total sales projected at around $22 billion.
See More
Carrier Global Reports Q4 Results Below Expectations
- Earnings Decline: Carrier Global's Q4 adjusted earnings per share were $0.34, falling short of the $0.36 consensus estimate, resulting in a 6.1% drop in premarket trading, indicating significant profitability challenges for the company.
- Revenue Miss: The company's Q4 revenue of $4.84 billion did not meet analysts' expectations of $5.02 billion, with a 6% year-over-year sales decline, highlighting the impact of weakness in residential markets and distributor destocking.
- Sharp Profit Drop: Operating profit plummeted from $774 million a year earlier to $101 million, primarily due to the absence of prior-year gains from the sale of the commercial refrigeration business and exacerbated profit pressures from soft residential demand.
- Cautious Outlook: Carrier forecasts adjusted earnings of about $2.80 per share for 2026, below the consensus estimate of $2.88, with projected sales of approximately $22 billion, reflecting a lack of confidence in sustained double-digit growth in global commercial HVAC and aftermarket sectors.
See More
Carrier Global Stock Remains Stagnant—Hold Your Investment.
- Stock Performance: Carrier Global's stock has struggled since the recommendation was made.
- Business Outlook: Despite the stock's performance, there are strong reasons to remain optimistic about the company's business fundamentals and future potential.
See More
Capital Group Identifies Attractive Dividend Stock Opportunities
- Dividend Stock Appeal: Christopher Buchbinder from Capital Group highlights the attractiveness of dividend stocks, particularly those rated investment grade with a long history of income payments, which has allowed the CGDV fund to outperform the S&P 500 in down markets.
- Tech Sector Allocation: As of January 31, 26.8% of CGDV's assets are allocated to information technology, particularly semiconductor companies, reflecting the team's confidence in a sustainable AI investment cycle, with expectations that AI will dramatically change lives over the next 5-10 years.
- Energy Sector Opportunities: Although energy comprises only 6.4% of CGDV's portfolio, Buchbinder sees an upcycle in the oil field services sector over the next few years, particularly with Halliburton's collaboration with VoltaGrid to manufacture power systems for AI data centers, indicating long-term growth potential.
- Healthcare Investment: CGDV's largest healthcare holding is Eli Lilly at 3.86%, with Buchbinder believing that the long-term trend of GLP-1 drugs will transform the healthcare landscape in the U.S., positioning Eli Lilly as the market leader while awaiting FDA approval for its oral GLP-1 drug.
See More
Carrier CEO to Participate in Key Conferences
- Conference Participation: Carrier Global Corporation's Chairman and CEO David Gitlin will participate in the Barclays 43rd Annual Industrial Select Conference on February 19, 2026, showcasing the company's leadership in intelligent climate and energy solutions.
- CFO Engagement: Later that day, Chief Financial Officer Patrick Goris will join Gitlin at the Citi 2026 Global Industrial Tech & Mobility Conference, further emphasizing the company's significance in the industry.
- Live Broadcast and Replay: Both events will be broadcast live on Carrier's website, with a replay available afterward, ensuring that investors and the public can access timely information and enhance transparency.
- Company Vision: Carrier is committed to improving quality of life through innovation and advancing climate solutions, demonstrating the company's strong commitment to sustainability and a customer-centric approach.
See More
Significant Stock Movements in Midday Trading
- McKesson Earnings Beat: McKesson's fiscal third-quarter earnings per share exceeded Wall Street's highest estimates, and the adjusted full-year EPS guidance was raised above analyst consensus, leading to a 16% stock price increase, indicating strong performance in the medical supply sector.
- Bob's Discount Furniture IPO: Bob's Discount Furniture debuted on the New York Stock Exchange with shares priced at $17, recently rising 10%, marking a successful entry into the public market and laying the groundwork for future growth.
- Fluence Energy Earnings Miss: Fluence Energy reported first-quarter revenue of $475.2 million, falling short of the $481.2 million consensus, with a per-share loss of 34 cents missing the 21-cent loss estimate, resulting in a 31% stock price drop, reflecting market concerns over its profitability.
- Cardinal Health Guidance Raised: Cardinal Health reported quarterly adjusted earnings of $2.63 per share, exceeding the $2.36 consensus, with revenue of $65.63 billion surpassing the $64.14 billion estimate, leading to an 8% stock price increase, showcasing strong growth potential in the healthcare services sector.
See More
Carrier Global Corporation Q4 2025 Earnings Call Insights
- Performance Overview: Carrier Global Corporation reported Q4 2025 sales of $4.8 billion, with adjusted operating profit at $455 million and adjusted EPS of $0.34, reflecting only a 1% decline in total organic sales despite significant softness in residential and light commercial markets.
- Data Center Growth: The data center segment saw a fourfold increase in orders during Q4, with expectations for revenue growth of about 50% in 2026, indicating the effectiveness of the company's strategic investments in high-growth areas.
- Cost Control Measures: The cost and pricing actions implemented are projected to deliver over $100 million in savings in 2026, helping to offset tariff impacts and enhance material productivity, thereby improving overall profitability.
- Future Outlook: The company anticipates approximately 1% organic growth for 2026, with double-digit growth in commercial HVAC and aftermarket services, although continued pressure in residential and light commercial markets is expected, with total sales projected at around $22 billion.
See More
Carrier Global Reports Q4 Results Below Expectations
- Earnings Decline: Carrier Global's Q4 adjusted earnings per share were $0.34, falling short of the $0.36 consensus estimate, resulting in a 6.1% drop in premarket trading, indicating significant profitability challenges for the company.
- Revenue Miss: The company's Q4 revenue of $4.84 billion did not meet analysts' expectations of $5.02 billion, with a 6% year-over-year sales decline, highlighting the impact of weakness in residential markets and distributor destocking.
- Sharp Profit Drop: Operating profit plummeted from $774 million a year earlier to $101 million, primarily due to the absence of prior-year gains from the sale of the commercial refrigeration business and exacerbated profit pressures from soft residential demand.
- Cautious Outlook: Carrier forecasts adjusted earnings of about $2.80 per share for 2026, below the consensus estimate of $2.88, with projected sales of approximately $22 billion, reflecting a lack of confidence in sustained double-digit growth in global commercial HVAC and aftermarket sectors.
See More
