Carrier Global Corp (NYSE: CARR) is 42.05% higher on its value in year-to-date trading and has touched a low of $45.68 and a high of $82.95 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 $82.67 in the last trading session, with the day’s loss setting it -1.06%.
Currently trading at $81.61, the stock is 1.33% and 10.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.92 million and changing -1.28% at the moment leaves the stock 28.52% off its SMA200. CARR registered 55.27% gain for a year compared to 6-month gain of 49.03%. The firm has a 50-day simple moving average (SMA 50) of $74.1032 and a 200-day simple moving average (SMA200) of $63.49885.
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The stock witnessed a 5.84% loss in the last 1 month and extending the period to 3 months gives it a 20.76%, and is 0.95% 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 1.87% over the week and 1.82% over the month.
Carrier Global Corp (CARR) has around 53000 employees, a market worth around $73.67B and $23.70B in sales. Current P/E ratio is 21.72 and Fwd P/E is 26.40. Profit margin for the company is 14.27%. Distance from 52-week low is 78.66% and -1.62% from its 52-week high. The company has generated returns on investments over the last 12 months (13.25%).
with sales reaching $6.49B over the same period.The EPS is expected to grow by 4.73% this year, but quarterly earnings will post 14.10% year-over-year. Quarterly sales are estimated to grow 13.20% in year-over-year returns.
Carrier Global Corp (CARR) Top Institutional Holders
1861.0 institutions hold shares in Carrier Global Corp (CARR), with institutional investors hold 91.66% of the company’s shares. The shares outstanding are 902.75M, and float is at 842.91M with Short Float at 1.32%. Institutions hold 85.60% of the Float.
The top institutional shareholder in the company is CAPITAL RESEARCH GLOBAL INVESTORS with over 95.48 million shares valued at $6.02 billion. The investor’s holdings represent 10.618% of the CARR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 94.58 million shares valued at $5.97 billion to account for 10.5181 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 83.34 million shares representing 9.2678% and valued at over $5.26 billion, while BLACKROCK INC. holds 5.8297 of the shares totaling 52.42 million with a market value of $3.31 billion.
Carrier Global Corp (CARR) Insider Activity
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Carrier Global Corp disclosed in a document filed with the SEC on Aug 08 ’24 that Agrawal Ajay (Senior VP, Strategy & Services) sold a total of 62,382 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $64.55 per share for $4.03 million. Following the transaction, the insider now directly holds 0.1 million shares of the CARR stock.
Still, SEC filings show that on Aug 08 ’24, AJAY AGRAWAL (Officer) Proposed Sale 62,382 shares at an average price of $64.55 for $4.03 million. The insider now directly holds shares of Carrier Global Corp (CARR).
