CARR Stock Is a Buy. It Represents the Future of the Industry – says Barrons
If you can’t beat ’em, copy ’em—and that’s exactly what Carrier Global CARR +3.11% , the maker of heating, ventilation, and air conditioning products, is doing.
Carrier (ticker: CARR), based in Palm Beach Gardens, Fla., has grown earnings at a more-than-respectable 19.4% a year on average over the past three years. The stock has returned 6.1%, including reinvested dividends, over the past 12 months, 10 percentage points more than the S&P 500 indexSPX +1.85% , and fetches less than 16 times 12-month forward earnings, well below the S&P 500’s 18 times.
source: barrons