Carrier Global Corp (NYSE: CARR) is -2.56% lower on its value in year-to-date trading and has touched a low of $53.13 and a high of $83.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CARR stock was last observed hovering at around $68.45 in the last trading session, with the day’s loss setting it -1.94%.
Currently trading at $66.51, the stock is -4.10% and -8.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.01 million and changing -2.83% at the moment leaves the stock -3.15% off its SMA200. CARR registered 17.10% gain for a year compared to 6-month gain of 0.15%. The firm has a 50-day simple moving average (SMA 50) of $72.7718 and a 200-day simple moving average (SMA200) of $68.67425.
The stock witnessed a -9.14% loss in the last 1 month and extending the period to 3 months gives it a -18.97%, and is -2.66% 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 1.94% over the week and 2.11% over the month.
Carrier Global Corp (CARR) has around 53000 employees, a market worth around $59.67B and $23.96B in sales. Current P/E ratio is 17.37 and Fwd P/E is 22.04. Profit margin for the company is 14.99%. Distance from 52-week low is 25.18% and -20.18% from its 52-week high. The company has generated returns on investments over the last 12 months (14.09%).
The EPS is expected to shrink by -7.79% this year.
Carrier Global Corp (CARR) Top Institutional Holders
1965.0 institutions hold shares in Carrier Global Corp (CARR), with institutional investors hold 91.60% of the company’s shares. The shares outstanding are 997.11M, and float is at 837.53M with Short Float at 1.27%. Institutions hold 85.50% 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
The most recent transaction is an insider sale by Crockett Kyle, the company’s VP, Controller & CAO. SEC filings show that Crockett Kyle sold 11,647 shares of the company’s common stock on Nov 07 ’24 at a price of $76.34 per share for a total of $0.89 million. Following the sale, the insider now owns 2042.0 shares.
Carrier Global Corp disclosed in a document filed with the SEC on Nov 06 ’24 that O’Connor Kevin J. (Senior VP & CLO) sold a total of 167,183 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $73.46 per share for $12.28 million. Following the transaction, the insider now directly holds 46083.0 shares of the CARR stock.
Still, SEC filings show that on Nov 07 ’24, Kyle Crockett (Officer) Proposed Sale 11,647 shares at an average price of $76.33 for $0.89 million. The insider now directly holds shares of Carrier Global Corp (CARR).
