CARR Carrier Global Corp

Carrier Global Corporation (NYSE: CARR) saw its stock fall in Q3 2025 despite quarterly results meeting or exceeding consensus estimates. The decline was attributed to underlying weakness in US residential HVAC orders, negative product mix affecting margins, and an industry-wide nearly 30% reduction in volumes due to high interest rates and dealer destocking. Bristol Gate Capital Partners' US Equity Strategy, which holds CARR, noted its underperformance compared to the S&P 500, but highlighted its strong 15% dividend growth over the trailing 12 months.

This article highlights several U.S. stocks identified as undervalued based on cash flow analysis in December 2025, offering potential investment opportunities amidst mixed market performance. It provides detailed overviews of AAON, Similarweb, and Wolverine World Wide, discussing their financial status, growth prospects, and estimated discounts to fair value. The piece also directs readers to a comprehensive screener for additional undervalued U.S. stocks.

The HVAC Insulation Market reached US$252.15 billion in 2024 and is projected to grow to US$425.20 billion by 2032, exhibiting a CAGR of 6.75% during the forecast period. This growth is driven by increasing demand for thermal efficiency, noise reduction, and condensation control in HVAC systems, with key players like Saint-Gobain and Owens Corning leading in materials such as glass wool and foam. Recent developments highlight a global emphasis on sustainable products and advanced insulation systems across residential, commercial, and industrial applications.

Pacer Advisors Inc. increased its stake in Carrier Global Corporation by 51.7% in Q3, now holding 122,081 shares worth $7.29 million. Institutional investors collectively own about 91% of the company's stock. Carrier Global reported Q3 EPS of $0.67, exceeding estimates, and announced a dividend increase to $0.24 per share along with a $5.0 billion share repurchase program.

Carrier Global Corporation has initiated commercial field trials for its new 10-14-ton rooftop heat pump unit, a significant step in the U.S. Department of Energy’s Commercial Building HVAC Technology Challenge. This technology has demonstrated high heating capacity even in cold climates, meeting or exceeding DOE efficiency thresholds. A 15-ton unit is also undergoing testing, with commercial availability for both anticipated in summer 2027.

Brookstone Capital Management significantly increased its stake in Carrier Global Corporation, acquiring an additional 35,691 shares, bringing its total holdings to 51,852 shares valued at $3.096 million. Institutional investors own 91% of Carrier Global, and analysts have issued a consensus "Hold" rating with an average price target of $72.00 for the stock. Carrier Global also announced a new stock repurchase program worth $5.00 billion and an increase in its quarterly dividend to $0.24 per share.