Carrier Global Corp. Hits Day Low of $60.29 Amid Price Pressure

Carrier Global Corp. experienced a notable decline today, with the stock dropping by 3.2% and reaching an intraday low of USD 60.29. This performance contrasts sharply with the S&P 500, which saw a modest gain of 0.69% on the same day. Over the past week, Carrier has faced a 4.4% decrease, while its one-year performance reflects a decline of 8.48%, significantly underperforming the S&P 500's 12.95% gain. Despite a year-to-date increase of 16.39%, the company has struggled in the longer term, with a three-year performance of 38.98% compared to the S&P 500's 69.39%. Financial metrics indicate challenges, including a pre-tax profit of USD 868 million, which has fallen by 38.51%. The operating cash flow has also reached a low of USD 995 million, and the return on capital employed (ROCE) stands at 10.79%, the lowest in recent periods. Carrier Global Corp. operates within the industrial manufacturing sector and holds a market capitalization of approximately USD 53.98 billion. The stock's price-to-earnings ratio is 28.00, and it boasts a dividend yield of 70.58%.