Is Carrier Global Stock Underperforming the S&P 500?

Core Insights - Carrier Global Corporation (CARR) is a leading provider of intelligent climate and energy solutions with a market cap of $46.2 billion, offering HVAC systems, refrigeration equipment, fire and security products, and building automation technologies [1][2] Company Performance - CARR's shares have declined 32.3% from its 52-week high of $81.09, reached on July 28, and have underperformed the S&P 500 Index, which rose 5.3% over the same period [3] - Year-to-date, CARR shares are down 19.6%, compared to the S&P 500's 16.5% return, and have decreased 28.6% over the past 52 weeks, significantly lagging behind the S&P 500's 14.2% increase [4] - CARR has been trading below its 200-day and 50-day moving averages since late July, confirming a bearish trend [4] Recent Financial Results - On October 28, CARR reported Q3 results that exceeded expectations, with net sales of $5.6 billion, a decline of 6.8% year-over-year but slightly above analyst estimates [5] - The adjusted EPS of $0.67 fell 13% from the previous year but was 17.5% ahead of consensus estimates, supported by double-digit aftermarket growth and strong momentum in Commercial HVAC [5] Competitive Landscape - CARR has significantly underperformed its rival, Johnson Controls International plc (JCI), which has seen a 38.9% increase over the past 52 weeks and a 47.4% rise year-to-date [6]