Carrier Global Corporation Stock Analysis

Carrier Global Corporation ($CARR) is an incredible company, delivering an average annual total return of 52.28% over the past three years.

A $10,000 investment in 2020 is worth $39,397.24 today.

Almost quadrupling your money in less than three and a half years.

In today’s article, we’ll look at what Carrier Global does. And why this stock could be a great, long-term market-beater. With plenty of room for even more share price appreciation and dividend growth.

Let’s dive in!

What Does Carrier Global Corporation Do?

Carrier Global, like Otis Worldwide Corporation, is a stock spin-off.

Carrier became an independent company when United Technologies split into three separate businesses: Raytheon, Otis Worldwide, and Carrier Global.

Carrier Global is a business that builds and maintains heating, ventilating, and air conditioning (HVAC) systems.

They also handle the refrigerated transport of perishable goods, like food.

And, Carrier provides fire and security services for both commercial and residential properties.

If you have an air conditioner in your home or office, it’s probably Carrier.