CARR – Carrier Global Corporation

Comprehensive Investment Analysis: Carrier Global Corporation (NYSE: CARR)

Publication Date: November 24, 2025

Company Overview

Carrier Global Corporation, headquartered in Palm Beach Gardens, Florida, operates as a leader in the Building Products & Equipment industry, primarily focusing on intelligent climate and energy solutions. Established in 2019, Carrier has positioned itself within the broader Industrials sector and provides innovative heating, ventilating, and air conditioning (HVAC) products for both residential and commercial applications. Additionally, the company has a strong presence in the refrigeration segment, offering transport refrigeration and monitoring solutions under renowned brands such as Carrier, Viessmann, and Toshiba.

With a commitment to sustainability and efficient energy solutions, Carrier serves a diverse customer base across North America, Europe, the Asia-Pacific, and additional international markets. The company’s emphasis on innovation and market responsiveness equips it to navigate the evolving demands of the building products industry effectively.

52-Week Price Performance Analysis

Analyzing the 52-week chart for Carrier Global Corporation (CARR), the stock has demonstrated a predominantly bearish trend, declining significantly from its peak of $85.00 in July to its current price of approximately $52.41. This equates to a decline of about 32.65%. The price action clearly illustrates the establishment of consistent lower highs and lower lows, governed by a downward-sloping trendline.

Key Price Levels

• Resistance Level: The $75 mark has proven to be a significant resistance level, tested multiple times throughout November and December, and again in May and July. This historical resistance underscores the difficulties the stock has faced in maintaining upward momentum.
• Support Level: The recent low of $52.41 could act as a support level, but investor caution is warranted given the prevailing bearish trend. The current price is significantly below the 50-day moving average of $57.91, indicating bearish momentum as well.

Overall, while the potential support level may offer a short-term reprieve, technical indicators suggest that the stock remains under persistent selling pressure with no significant bullish patterns forming in the short term.

Financial Performance and Metrics

Carrier Global Corporation reported total revenue of $22.06 billion, displaying its robust market presence. However, the most recent quarterly results revealed net sales of $5.6 billion, reflecting a 7% decline year-over-year, with organic sales dropping by 4%.

Profitability metrics are highlighted by an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of approximately $3.65 billion, showcasing impressive operational efficiency relative to its revenue. The current GAAP earnings per share (EPS) stands at $0.47, with an adjusted EPS of $0.67. These metrics illustrate a company that, despite recent challenging conditions, retains a solid foundation for future performance.

In terms of equity structure, Carrier Global has approximately 842 million shares outstanding, with about 11.25 million shares shorted–1.63% of its float. The relatively low level of short interest indicates a generally positive investor sentiment toward the company.

Recent News and Developments

Throughout the last quarter, Carrier Global has made notable moves to solidify its financial standing and return value to its shareholders. The company announced a quarterly cash dividend of $0.225 per share, payable on November 18, 2025, further demonstrating its focus on shareholder engagement and maintaining a solid dividend history.

In Q3 2025, Carrier returned $3 billion to shareholders, which includes $2.4 billion in share repurchases, coupled with a newly authorized $5 billion share repurchase plan. Despite a decline in revenue, these shareholder-friendly initiatives indicate a strategic focus on long-term shareholder value, reflecting management’s confidence in the company’s future prospects.

Recently, JPMorgan Chase & Co. adjusted its price target for Carrier Global to $60.00, portraying a more conservative outlook but signaling continued interest from analysts amidst market volatility.

Market Sentiment and Analyst Recommendations

Market sentiment surrounding Carrier Global Corporation remains cautiously optimistic. The consensus among analysts is reflected in a recommendation mean of 2.0, indicating a “buy” rating supported by a total of 20 analyst opinions collected.

Price Targets

• Target High Price: $90.00
• Target Mean Price: Approximately $72.69
• Target Low Price: $60.00

These target prices suggest substantial growth potential as the current stock price of $52.66 remains well beneath both the target mean and high prices. Investors may perceive this as an opportunity for significant upside, although they should weigh this against the risks associated with the bearish trend observed in recent price actions.

Conclusion: Opportunities and Risks

Investing in Carrier Global Corporation presents a compelling opportunity, particularly given the alignment of its strategic priorities with global trends toward sustainability and energy efficiency. The strong historical revenue base coupled with shareholder returns positions it well for future growth.

However, prospective investors must remain cautious of the current bearish momentum and the recent price performance, characterized by lower highs and lower lows. The potential support level of $52.41 will be crucial in evaluating the downside risk, and further price action will determine whether a recovery is on the horizon.

In summary, careful consideration of technical indicators, market sentiment, and financial performance metrics will equip investors to make informed decisions regarding their position in Carrier Global Corporation as it navigates the challenges of the current economic environment.

Metric	Value
Market Cap	$44.8b
Total Debt	$12.3b
Total Cash	$1.4b
Shares Outstanding	842.2m
Float Shares	790.1m