Carrier Global Corp. (CARR)

In the past six months, Carrier Global Corp.'s stock has been impacted by several key events, including Q3 2025 earnings where revenue exceeded expectations but net sales declined year-on-year. A new $5 billion share repurchase program was authorized, and a quarterly dividend of $0.225 per share was declared. Analyst ratings and price targets varied, with some downgrades and price objective reductions, while others upgraded the stock. The Q3 results highlighted challenges in weaker residential end-markets and distributor destocking in the Americas.

Demand for Carrier Global Corp.'s products and services exhibits seasonality, particularly within its dominant HVAC segment. The residential segment can experience fluctuations due to seasonal weather patterns. The Commercial HVAC segment showed strong growth in the Americas during Q3 2025. Carrier experiences continued strong growth in its aftermarket business. The company is also capitalizing on secular trends like decarbonization, energy efficiency, and infrastructure investment.

Carrier Global Corp. is a multinational corporation specializing in HVAC, refrigeration, and fire and security equipment, operating primarily within the Industrials sector. The company provides intelligent climate and energy solutions for residential, commercial, and transportation markets globally. Its major products and services include HVAC systems, refrigeration solutions, fire and security technologies, and building automation technologies.

Carrier Global Corp. serves customers in approximately 160 countries across six continents. The company's operations are segmented geographically, including Climate Solutions Americas (CSA), Climate Solutions Europe (CSE), Climate Solutions Asia Pacific, Middle East & Africa (CSAME), and Climate Solutions Transportation (CST).

Carrier Global Corp. maintains a strong brand reputation, driven by its vision to be a global leader in intelligent climate and energy solutions. The company emphasizes innovation, sustainability, and a customer-centric approach. A strong commitment to research and development, a robust portfolio of trusted brands, and the successful integration of Viessmann are enhancing its competitive position.

Institutional investors hold a significant portion of Carrier Global Corp. stock. Major institutional owners include Capital Research and Management Company, The Vanguard Group, Inc., and BlackRock, Inc. Insider activity has shown a trend of selling over the past year, while individuals hold a smaller percentage of ownership.