CARR Stock Summary and Trading Ideas (Carrier Global Common | NYSE:CARR)

Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.

Carrier Global Common trades on the NYSE stock market under the symbol CARR.

As of April 18, 2024, CARR stock price declined to $53.38 with 2,805,315 million shares trading.

CARR has a beta of 1.41, meaning it tends to be more sensitive to market movements. CARR has a correlation of 0.33 to the broad based SPY ETF.

CARR has a market cap of $47.95 billion. This is considered a Large Cap stock.

Last quarter Carrier Global Common reported $5 billion in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-128 million and exceeded earnings estimates by $.01.

In the last 3 years, CARR stock traded as high as $60.87 and as low as $33.10.

The top ETF exchange traded funds that CARR belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

CARR has underperformed the market in the last year with a price return of +20.9% while the SPY ETF gained +22.3%. CARR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.1% and -6.3%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

CARR support price is $53.29 and resistance is $55.21 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CARR stock will trade within this expected range on the day.