Carrier Global Corporation (CARR), a prominent player in building and industrial systems, has seen its stock fluctuate in recent times. The company has been undergoing a significant business transformation, including a $3B sale of its commercial and residential fire business and a $2.2B share buyback program. Despite trailing some of its competitors, it has also recorded strong Q1 and Q2 2024 results and robust organic orders. However, it missed Q3 estimates causing some concern over its full-year 2024 outlook. CARR recently has been included in Forbes' Most Trusted Companies in America and World's Top Companies for Women lists, highlighting its reputation. Sustainability appears to be a focus for the firm in the near future. Executive changes have been announced, along with a settlement agreement related to AFFF litigation. Multiple investment groups and banks have raised their stake in CARR, signaling confidence from the investment community. Notably, Honeywell's acquisition of Carrier's Global Access Solutions business and their updated 2024 guidance further puts the company in a transformative phase.
Carrier Global Corporation CARR News Analytics from Tue, 05 Mar 2024 08:00:00 GMT to Fri, 20 Dec 2024 10:58:39 GMT - Rating 1 - Innovation 7 - Information 8 - Rumor 3
