Carrier Global Corp (NYSE: CARR) is 5.11% higher on its value in year-to-date trading and has touched a low of $54.22 and a high of $83.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CARR stock was last observed hovering at around $71.65 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $71.75, the stock is -0.83% and 7.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.51 million and changing 0.14% at the moment leaves the stock 1.72% off its SMA200. CARR registered 14.84% gain for a year compared to 6-month loss of -3.03%. The firm has a 50-day simple moving average (SMA 50) of $66.7348 and a 200-day simple moving average (SMA200) of $70.53845.
The stock witnessed a 0.43% gain in the last 1 month and extending the period to 3 months gives it a 9.29%, and is 1.34% 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 0.56% over the week and 1.49% over the month.
Carrier Global Corp (CARR) has around 48000 employees, a market worth around $61.51B and $23.04B in sales. Current P/E ratio is 16.47 and Fwd P/E is 20.80. Profit margin for the company is 17.70%. Distance from 52-week low is 32.33% and -13.89% from its 52-week high. The company has generated returns on investments over the last 12 months (16.07%).
with sales reaching $6.08B over the same period.The EPS is expected to grow by 18.47% this year, but quarterly earnings will post 2.13% year-over-year. Quarterly sales are estimated to shrink -9.04% in year-over-year returns.
Carrier Global Corp (CARR) Top Institutional Holders
1961.0 institutions hold shares in Carrier Global Corp (CARR), with institutional investors hold 91.11% of the company’s shares. The shares outstanding are 860.19M, and float is at 805.95M with Short Float at 2.00%. Institutions hold 85.66% 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 10.4808 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 5.809 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 Viessmann Maximilian, the company’s Director. SEC filings show that Viessmann Maximilian sold 4,267,425 shares of the company’s common stock on Jun 05 ’25 at a price of $70.30 per share for a total of $300.0 million. Following the sale, the insider now owns 54.34 million shares.
Still, SEC filings show that on May 12 ’25, Kyle Crockett (Officer) Proposed Sale 3,735 shares at an average price of $73.36 for $0.27 million. The insider now directly holds shares of Carrier Global Corp (CARR).
