Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida.

United Technologies Corp. is the parent of Carrier Corp. FARMINGTON, Conn. - The Connecticut-based parent of Carrier Corp. has announced plans to divide into three independent companies. United Technologies Corp.

Carrier is a U.S.-based company committed to building a sustainable future for all. At our headquarters for our residential business in Indianapolis, Indiana, we focus on innovation and continuous improvement. We have a history in the industry, but we'll never rest on our laurels.

Willis Carrier starts the engine that will drive the world's first modern air conditioning system, installed in the summer of 1902 at the Sackett & Wilhelms printing plant in Brooklyn, New York.

Built on Willis Carrier's invention of modern air conditioning in 1902, Carrier is a world leader in heating, air-conditioning and refrigeration solutions. We constantly build upon our history of proven innovation with new products and services that improve global comfort and efficiency.

As a global leader in building and cold chain solutions, we innovate to address the needs of people and our planet. We promote the health and safety of indoor spaces where people live, work, learn and play, and help preserve, protect and extend the supply of food and medicine across the globe.

Carrier is considered, by many, the expert in home comfort. Largely, in part, due to the company's willingness to provide their customer with the most efficient, high quality, heating and cooling systems available, at very affordable prices.

It operates 51 factories and 39 research & design centers worldwide with more than 53,000 employees serving customers in more than 180 countries. At Carrier, innovation has always been one of our core values.

When searching through reviews of the best heating and air conditioning systems, Carrier is consistently in the top three manufacturers. Moreover, Carrier's products are among the most efficient and affordable, over all, with many of their most budget-friendly models ranking high in the energy efficiency category.

On February 10, 2016 Carrier announced its plans to move its manufacture of air conditioning equipment, now located in Indianapolis, Indiana, to Monterrey, Mexico in 2017.

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CARR sits at a Zacks Rank #2 (Buy), holds a Value Style Score of B, and has a VGM Score of B. Compared to the Electronics - Miscellaneous Products industry's P/E of 20.5X, shares of Carrier Global are trading at a forward P/E of 20.8X.