Carrier Global Corp (NYSE: CARR) is -3.12% lower on its value in year-to-date trading and has touched a low of $53.33 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 $67.11 in the last trading session, with the day’s loss setting it -0.98%.
Currently trading at $66.13, the stock is 0.84% and -2.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.04 million and changing -1.46% at the moment leaves the stock -5.49% off its SMA200. CARR registered 23.77% gain for a year compared to 6-month gain of -3.54%.
The stock witnessed a -5.57% loss in the last 1 month and extending the period to 3 months gives it a -10.70%, and is 3.86% 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 2.52% over the week and 2.17% over the month.
Carrier Global Corp (CARR) has around 48000 employees, a market worth around $57.42B and $24.00B in sales. Current P/E ratio is 15.81 and Fwd P/E is 19.32. Profit margin for the company is 16.39%. Distance from 52-week low is 24.00% and -20.63% from its 52-week high. The company has generated returns on investments over the last 12 months (15.41%).
with sales reaching $5.19B over the same period.The EPS is expected to grow by 17.08% this year, but quarterly earnings will post 1.06% year-over-year. Quarterly sales are estimated to shrink -15.99% in year-over-year returns.
Carrier Global Corp (CARR) Top Institutional Holders
The shares outstanding are 878.34M, and float is at 810.23M 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
The most recent transaction is an insider sale by Crockett Kyle,the company’sVP, Controller & CAO. SEC filings show that Crockett Kyle sold 18,945 shares of the company’s common stock on Feb 14 ’25 at a price of $65.18 per share for a total of $1.23 million. Following the sale, the insider now owns 4573.0 shares.
Still, SEC filings show that on Feb 13 ’25, Kevin O’Connor (Officer) Proposed Sale 19,500 shares at an average price of $63.86 for $1.25 million. The insider now directly holds shares of Carrier Global Corp (CARR).
