Carrier Global Corp (NYSE: CARR) is -4.15% 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 $65.65 in the last trading session, with the day’s loss setting it -0.22%.
Currently trading at $65.43, the stock is 0.04% and -1.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing -0.34% at the moment leaves the stock -6.51% off its SMA200. CARR registered 12.71% gain for a year compared to 6-month loss of -7.49%.
The stock witnessed a -1.21% gain in the last 1 month and extending the period to 3 months gives it a -11.19%, and is 0.86% 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 3.16% over the week and 2.99% over the month.
Carrier Global Corp (CARR) has around 48000 employees, a market worth around $56.53B and $24.00B in sales. Current P/E ratio is 15.64 and Fwd P/E is 19.00. Profit margin for the company is 16.39%. Distance from 52-week low is 22.69% and -21.47% from its 52-week high. The company has generated returns on investments over the last 12 months (15.41%).
with sales reaching $5.17B over the same period.The EPS is expected to grow by 17.23% this year, but quarterly earnings will post 0.92% year-over-year. Quarterly sales are estimated to shrink -16.35% in year-over-year returns.
The shares outstanding are 878.34M, and float is at 806.31M with Short Float at 1.59%.
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
Carrier Global Corp disclosed in a document filed with the SEC on Feb 14 ’25 that Crockett Kyle (VP, Controller & CAO) sold a total of 18,945 shares of the company’s common stock. The trade occurred on Feb 14 ’25 and was made at $65.18 per share for $1.23 million. Following the transaction, the insider now directly holds 4573.0 shares of the CARR stock.
Still, SEC filings show that on Feb 14 ’25, Kyle Crockett (Officer) Proposed Sale 18,945 shares at an average price of $65.18 for $1.23 million. The insider now directly holds shares of Carrier Global Corp (CARR).
