CEO’s Million-Dollar Bet on Carrier Global as Shares Hit Lows

While Carrier Global Corp shares continue their downward trajectory, the company's chief executive has made a substantial personal investment that speaks volumes. David L. Gitlin purchased over one million dollars worth of company stock precisely when the share price was hovering near annual lows. This move raises compelling questions about strategic confidence versus symbolic gesture during turbulent times.

On November 25, 2025, CEO David L. Gitlin demonstrated significant conviction by acquiring 19,300 shares at prices ranging between $52.45 and $52.70. This transaction elevates his direct holdings to 534,474 shares, sending a powerful message to investors during a period of market uncertainty. The timing is particularly noteworthy: the purchase occurred as the stock traded barely above its 52-week low of $50.30, following a six-month decline that erased approximately 27% of shareholder value.

Financial Performance Presents Contrasting Narrative

Recent quarterly results reveal a complex financial landscape for the heating and cooling solutions provider. While Carrier Global exceeded expectations for adjusted earnings per share ($0.67 versus $0.59 projected) and revenue ($5.6 billion compared to $5.58 billion anticipated), concerning trends emerged beneath the surface. The GAAP earnings contracted by 24% year-over-year, while net revenue declined by 7%. More tellingly, management revised their 2025 revenue projections downward by a substantial $1 billion.

Should investors sell immediately? Or is it worth buying Carrier Global Corp?

Performance disparities across business segments tell their own story:
* Commercial refrigeration units in American markets surged by 30%
* Data center cooling solutions revenue is projected to double this year
* Residential HVAC division experienced a sharp 30% contraction

Board Authorizes Aggressive Capital Return

Despite the challenging outlook, Carrier Global's leadership has taken decisive action to support shareholder value. In October 2025, the board greenlit a massive $5 billion share repurchase initiative. This substantial capital return program underscores management's belief in the company's long-term valuation, even as fourth-quarter 2025 and full-year 2026 forecasts fell below market expectations.

The critical question remains whether this combination of insider buying and corporate repurchases can reverse the negative momentum. Market participants maintain cautious skepticism while the chief executive stakes significant personal capital on his company's recovery prospects.