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home / news releases / CARR - Carrier: Lots Of Promising Moving Parts

CARR - Carrier: Lots Of Promising Moving Parts

Carrier Global Corporation

2024-05-01 05:46:01 ET

Summary

  • Carrier Global has successfully transformed into a pure-play HVAC business after being spun off from United Technologies a couple of years ago.
  • The company has actively managed its portfolio, divesting non-core businesses and making strategic acquisitions.
  • Despite some challenges, including the acquisition of Viessmann Climate Solutions, Carrier's sales and earnings are expected to grow in 2024.
  • Shares trade at a small premium to the market, a well-deserved premium given its growth positioning.

At the start of this year, I believed that shares of Carrier Global ( CARR ) were carrying a great deal of momentum into 2024. Since the company was spun-off from United Technologies (which itself now belongs to RTX ( RTX ) ), the company has quickly built up a solid value creating track record, as it has actively managed its portfolio....

For further details see:

Carrier: Lots Of Promising Moving Parts
Stock Information
Company Name: Carrier Global Corporation
Stock Symbol: CARR
Market: NYSE
Website: corporate.carrier.com
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