Carrier Global Corp (NYSE: CARR) is -2.53% 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 $64.25 in the last trading session, with the day’s gains setting it 2.28%.
Currently trading at $66.53, the stock is 1.45% and 0.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.18 million and changing 3.55% at the moment leaves the stock -4.95% off its SMA200. CARR registered 14.90% gain for a year compared to 6-month loss of -9.69%. The firm has a 50-day simple moving average (SMA 50) of $66.4814 and a 200-day simple moving average (SMA200) of $69.9915.
The stock witnessed a 4.61% gain in the last 1 month and extending the period to 3 months gives it a -8.63%, and is -1.28% 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 3.00% over the week and 2.98% over the month.
Carrier Global Corp (CARR) has around 48000 employees, a market worth around $57.48B and $24.00B in sales. Current P/E ratio is 15.90 and Fwd P/E is 19.32. Profit margin for the company is 16.39%. Distance from 52-week low is 24.75% and -20.15% 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.
Carrier Global Corp (CARR) Top Institutional Holders
1973.0 institutions hold shares in Carrier Global Corp (CARR), with institutional investors hold 93.22% of the company’s shares. The shares outstanding are 878.34M, and float is at 804.09M with Short Float at 1.60%. Institutions hold 86.75% 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 10.5803% 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 14 ’25, Crockett Kyle (VP, Controller & CAO) disposed off 18,945 shares at an average price of $65.18 for $1.23 million. The insider now directly holds 4,573 shares of Carrier Global Corp (CARR).
