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Will Carrier Global Corp (CARR) benefit from Wall Street bulls Calls?

Carrier Global Corp (NYSE: CARR) is 8.42% higher on its value in year-to-date trading and has touched a low of $45.68 and a high of $66.50 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 $63.13 in the last trading session, with the day’s loss setting it -0.84%.

Currently trading at $62.29, the stock is -1.92% and -2.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.66 million and changing -1.33% at the moment leaves the stock 9.52% off its SMA200. CARR registered 26.27% gain for a year compared to 6-month gain of 11.79%.

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The stock witnessed a -0.30% loss in the last 1 month and extending the period to 3 months gives it a 7.69%, and is 0.63% up 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 2.06% over the week and 2.50% over the month.

Carrier Global Corp (CARR) has around 53000 employees, a market worth around $56.12B and $23.01B in sales. Current P/E ratio is 43.32 and Fwd P/E is 20.20. Profit margin for the company is 5.41%. Distance from 52-week low is 36.36% and -6.33% from its 52-week high. The company has generated returns on investments over the last 12 months (4.49%).

The EPS is expected to grow by 4.46% this year.

Carrier Global Corp (CARR) Top Institutional Holders

The shares outstanding are 901.01M, and float is at 841.17M with Short Float at 2.02%.

Carrier Global Corp (CARR) Insider Activity

The most recent transaction is an insider sale by Crockett Kyle,the company’sVP, Controller & CAO. SEC filings show that Crockett Kyle sold 4,611 shares of the company’s common stock on May 21 ’24 at a price of $66.39 per share for a total of $0.31 million. Following the sale, the insider now owns 2042.0 shares.

Carrier Global Corp disclosed in a document filed with the SEC on May 16 ’24 that O’Connor Kevin J. (Senior VP & CLO) sold a total of 20,000 shares of the company’s common stock. The trade occurred on May 16 ’24 and was made at $65.73 per share for $1.31 million. Following the transaction, the insider now directly holds 46083.0 shares of the CARR stock.

Still, SEC filings show that on May 10 ’24, Villeneuve Nadia (Senior VP & CHRO) disposed off 98,428 shares at an average price of $65.40 for $6.44 million. The insider now directly holds 85,028 shares of Carrier Global Corp (CARR).

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