Carrier Global Corp (NYSE: CARR) is -2.45% 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 $65.13 in the last trading session, with the day’s gains setting it 1.46%.
Currently trading at $66.59, the stock is 0.68% and -2.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.75 million and changing 2.24% at the moment leaves the stock -4.73% off its SMA200. CARR registered 21.07% gain for a year compared to 6-month gain of -2.65%.
The stock witnessed a -4.52% loss in the last 1 month and extending the period to 3 months gives it a -12.84%, and is 0.54% 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 2.55% over the week and 2.02% over the month.
Carrier Global Corp (CARR) has around 48000 employees, a market worth around $57.82B and $24.00B in sales. Current P/E ratio is 15.92 and Fwd P/E is 19.45. Profit margin for the company is 16.39%. Distance from 52-week low is 25.33% and -20.08% from its 52-week high. The company has generated returns on investments over the last 12 months (15.41%).
The EPS is expected to grow by 17.33% this year.
Carrier Global Corp (CARR) Top Institutional Holders
The shares outstanding are 878.34M, and float is at 810.22M with Short Float at 1.40%.
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 10.5803% 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 9.2349% 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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Still, SEC filings show that on Feb 13 ’25, Kevin O’Connor (Officer) Proposed Sale 93,452 shares at an average price of $63.51 for $5.94 million. The insider now directly holds shares of Carrier Global Corp (CARR).
