Carrier Global Corp (NYSE: CARR) is 19.34% higher on its value in year-to-date trading and has touched a low of $45.68 and a high of $70.09 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 $68.64 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $68.56, the stock is 3.99% and 5.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing -0.12% at the moment leaves the stock 16.23% off its SMA200. CARR registered 28.41% gain for a year compared to 6-month gain of 28.32%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 0.82% loss in the last 1 month and extending the period to 3 months gives it a 3.91%, and is 4.72% 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 1.92% over the week and 2.83% over the month.
Carrier Global Corp (CARR) has around 53000 employees, a market worth around $61.89B and $23.70B in sales. Current P/E ratio is 18.25 and Fwd P/E is 22.29. Profit margin for the company is 14.27%. Distance from 52-week low is 50.09% and -2.18% from its 52-week high. The company has generated returns on investments over the last 12 months (13.25%).
The EPS is expected to grow by 4.39% this year.
Carrier Global Corp (CARR) Top Institutional Holders
1860.0 institutions hold shares in Carrier Global Corp (CARR), with institutional investors hold 91.51% of the company’s shares. The shares outstanding are 902.75M, and float is at 842.13M with Short Float at 1.30%. Institutions hold 85.46% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 94.29 million shares valued at $5.48 billion. The investor’s holdings represent 10.486 of the CARR Shares outstanding. As of 2024-03-31, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 92.33 million shares valued at $5.37 billion to account for 10.268 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 84.83 million shares representing 9.4336 and valued at over $4.93 billion, while BLACKROCK INC. holds 6.3733 of the shares totaling 57.31 million with a market value of $3.33 billion.
Carrier Global Corp (CARR) Insider Activity
The most recent transaction is an insider sale by Agrawal Ajay, the company’s Senior VP, Strategy & Services. SEC filings show that Agrawal Ajay sold 62,382 shares of the company’s common stock on Aug 08 ’24 at a price of $64.55 per share for a total of $4.03 million. Following the sale, the insider now owns 0.1 million shares.
Still, SEC filings show that on Jul 29 ’24, Jurgen Timperman (Officer) Proposed Sale 115,951 shares at an average price of $67.28 for $7.8 million. The insider now directly holds shares of Carrier Global Corp (CARR).
