Carrier Global Corp (NYSE: CARR) is 0.16% higher on its value in year-to-date trading and has touched a low of $40.28 and a high of $60.87 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CARR stock was last observed hovering at around $57.37 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $57.54, the stock is 0.30% and 2.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.65 million and changing 0.30% at the moment leaves the stock 6.40% off its SMA200. CARR registered 31.01% gain for a year compared to 6-month gain of 7.39%. The firm has a 50-day simple moving average (SMA 50) of $2.56 and a 200-day simple moving average (SMA200) of $18.90.
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The stock witnessed a 6.56% loss in the last 1 month and extending the period to 3 months gives it a 0.77%, and is -1.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.09% over the week and 2.51% over the month.
Carrier Global Corp (CARR) has around 53000 employees, a market worth around $51.79B and $22.10B in sales. Current P/E ratio is 36.40 and Fwd P/E is 18.65. Profit margin for the company is 6.10%. Distance from 52-week low is 42.85% and -5.47% from its 52-week high. The company has generated returns on investments over the last 12 months (5.79%).
Carrier Global Corp quarterly earnings per share for the current quarter are estimated at $0.51 with sales reaching $6.3B over the same period.The EPS is expected to grow by 3.51% this year, but quarterly earnings will post 18.80% year-over-year. Quarterly sales are estimated to grow 19.40% in year-over-year returns.
Carrier Global Corp (CARR) Top Institutional Holders
1,776 institutions hold shares in Carrier Global Corp (CARR), with institutional investors hold 92.11% of the company’s shares. The shares outstanding are 900.10M, and float is at 840.06M with Short Float at 2.33%. Institutions hold 86.00% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 94.2 million shares valued at $4.68 billion. The investor’s holdings represent 11.25% of the CARR Shares outstanding. As of Jun 29, 2023, the second largest holder is Capital Research Global Investors with 83.18 million shares valued at $4.13 billion to account for 9.93% of the shares outstanding. The other top investors are Capital World Investors which holds 80.76 million shares representing 9.64% and valued at over $4.01 billion, while Capital International Investors holds 9.33% of the shares totaling 78.14 million with a market value of $3.88 billion.
Carrier Global Corp (CARR) Insider Activity
The most recent transaction is an insider sale by Gitlin David L.,the company’sChairman and CEO. SEC filings show that Gitlin David L. sold 354,539 shares of the company’s common stock on Feb 08 ’24 at a price of $54.16 per share for a total of $19.2 million. Following the sale, the insider now owns 0.42 million shares.
Carrier Global Corp disclosed in a document filed with the SEC on Feb 08 ’24 that O’Connor Kevin J. (Senior VP & CLO) sold a total of 26,551 shares of the company’s common stock. The trade occurred on Feb 08 ’24 and was made at $53.77 per share for $1.43 million. Following the transaction, the insider now directly holds 66083.0 shares of the CARR stock.
Still, SEC filings show that on Feb 08 ’24, Crockett Kyle (Vice President, Controller) disposed off 12,170 shares at an average price of $53.96 for $0.66 million. The insider now directly holds 2,042 shares of Carrier Global Corp (CARR).
