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Consequently, the stock has rallied 48.6% over the past nine months and 12.6% over the past month to close Friday’s trading session at $51.90, after hitting its $51.96 all-time high.
CARR reported impressive first-quarter results, with sales driven primarily by continued strength in North American residential HVAC. Amid this favorable backdrop, the company raised its full-year outlook for 2021. It expects 7% – 10% sales growth, up from 6% – 8%, and its adjusted EPS is expected to come in between $1.95 – $2.05, up from $1.85 – $1.95. CARR also declared a $0.12 quarterly dividend, payable on August 10. So, its near-term prospects look promising.
