Throughout the past year,
Carrier Global Corporation (CARR) has exhibited notable developments and transactions, amidst overall strong performance. Underscoring these trades, insiders sold
$11 million of stock. Meanwhile, the company completed the
$4.95 billion sale of its Global Access Solutions business and made an agreement to sell its Commercial and Residential Fire business to Lone Star Funds for
$3 billion. On trading fronts, CARR's stock outperformed competitors, making it one of Oppenheimer's top picks. Additionally, its price target was raised to
$80.00. In terms of financial performance,
Q1 2024 results were strong along with robust performance in 2023, setting a positive outlook for 2024. A transformative
innovation; a cold climate heat pump is planned for commercial rollout in 2024. On the downside, CARR stock fell amidst uncertainty around its near-term outlook. Moreover, risks to shareholder returns are elevated at the current stock prices. Decisively, Carrier ventured into the pure play in climate and energy solutions, undergoing business transformations that add market value. Eventually, it was ranked 37 on Fortune's America's Most Innovative Companies List 2024.
Carrier Global Corporation CARR News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sat, 14 Sep 2024 14:15:50 GMT -
Rating 7
- Innovation 8
- Information 9
- Rumor -2
