Carrier: Not Too Hot Yet [Seeking Alpha]
Carrier Global Corporation (CARR)
Company Research
Source: Seeking Alpha
Despite short-term headwinds in some residential markets, secular growth opportunities exist in electrification, data center cooling, and aftermarket service. Carrier is still valued below HVAC-focused companies like Lennox and Trane, so the shares appear to have upside despite trading near all-time highs. Transformation Is Underway The last time I wrote about Carrier Global Corp. (NYSE: NYSE: CARR ) in December 2023 , the company's plans to transform into a pure-play HVAC company were in place, but the exact timing and details were a bit uncertain. Since then, the company closed its purchase of German premium heat pump and home solar generation system manufacturer Viessman Climate Solutions. Also, sales were announced for businesses in Security Commercial Refrigeration , and Industrial Fire . These sales are expected to close just after mid-year. The only piece left to sell is Residential and Commercial Fire, and Carrier expects to start marketing the business in the next few
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CARR
News
- Carrier Recognized as Best Air Conditioner Brand by USA Today [Yahoo! Finance]Yahoo! Finance
- Carrier Recognized as Best Air Conditioner Brand by USA TodayPR Newswire
- Nlyte Software Named Leader by G2 for Data Center Infrastructure Management [Yahoo! Finance]Yahoo! Finance
- Nlyte Software Named Leader by G2 for Data Center Infrastructure ManagementPR Newswire
- Carrier to Present at the Wolfe Research 17th Annual Global Transportation & Industrials ConferencePR Newswire
CARR
Earnings
- 4/25/24 - Beat
CARR
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 144
- 5/1/24 - Form 4
- CARR's page on the SEC website