CARRIER GLOBAL CORPORATION
In the published model solve dated 2026-Q2, anchored at $58.79, CARRIER GLOBAL CORPORATION (CARR) is priced for today's economics sustained for ~6.7 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Carrier sells climate equipment under brands its customers keep for decades, and its FY2025 10-K reports $21.7 billion of net sales producing $2.2 billion of operating profit, roughly half the conversion rate TT and LII pull from comparable equipment. • The concentrated risk sits in Europe, where the FY2025 10-K discloses that Climate Solutions Europe was the only reporting unit needing a full quantitative goodwill test, and it cleared with a fair value about 14% above its carrying value. • Wa
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1,455 institutional managers reported holding CARR in 13F filings for the quarter ended 2026-03-31. Together they hold about 81% of the company; the top 10 hold 48%. 126 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 16.6M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CARR has cut its share count 3.9% over the past five years, spending $6.99B on repurchases. It pays a dividend, and has paid one every year in our records (6 and counting); the current rate is $0.68 a share annually. Cash returned over the past three years: $1.95B in dividends and $5.14B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CARR over the trailing three years: 2025: 1 buy totaling $1.02M. 12 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CARR's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2022-04-29 | -4.9% | -5.9% |
| 2022-07-29 | +2.5% | -12.3% |
| 2022-10-28 | +7.6% | +3.3% |
| 2023-04-27 | -2.0% | +19.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CARR's latest 8-K filings: 2026-07-28 (items 2.02, 9.01); 2026-07-24 (items 5.02, 9.01); 2026-04-30 (items 2.02, 9.01); 2026-04-16 (items 5.07); 2026-02-05 (items 2.02).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.