Carrier Global Corporation (NYSE:CARR) shares traded -1.11% lower at $42.79 on Wall Street last session.
In accordance with the data, 22 analysts cover Carrier Global Corporation (NYSE:CARR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $55.00 and a low of $44.00, we find $48.00. Given the previous closing price of $43.27, this indicates a potential upside of 10.93 percent. CARR stock price is now -1.77% away from the 50-day moving average and 1.36% away from the 200-day moving average. The market capitalization of the company currently stands at $36.12B.
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It has been rated a hold by 13 analysts and a buy by 8. Brokers who have rated the stock have averaged $48.41 as their price target over the next twelve months.
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In other news, Villeneuve Nadia, Senior VP & CHRO sold 20,538 shares of the company’s stock on Mar 02. The stock was sold for $933,445 at an average price of $45.45. Upon completion of the transaction, the Senior VP & CHRO now directly owns 48,900 shares in the company, valued at $2.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13, President, HVAC Nelson Christopher John sold 213,353 shares of the business’s stock. A total of $9,665,446 was realized by selling the stock at an average price of $45.30. This leaves the insider owning 97,285 shares of the company worth $4.16 million. Insiders disposed of 856,461 shares of company stock worth roughly $36.65 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CARR stock. A new stake in Carrier Global Corporation shares was purchased by EXODUSPOINT CAPITAL MANAGEMENT, LP during the first quarter worth $23,820,000. MOORE CAPITAL MANAGEMENT, LP invested $17,125,000 in shares of CARR during the first quarter. In the first quarter, PAYDEN & RYGEL acquired a new stake in Carrier Global Corporation valued at approximately $16,658,000. FULLERTON FUND MANAGEMENT CO LTD. acquired a new stake in CARR for approximately $12,185,000. ADAMS DIVERSIFIED EQUITY FUND, INC. purchased a new stake in CARR valued at around $9,877,000 in the second quarter.
Carrier Global Corporation (NYSE: CARR) opened at $43.64 on Friday. During the past 12 months, Carrier Global Corporation has had a low of $33.10 and a high of $49.17. As of last week, the company has a debt-to-equity ratio of 1.09, a current ratio of 1.70, and a quick ratio of 1.20. The fifty day moving average price for CARR is $43.49 and a two-hundred day moving average price translates $42.23 for the stock.
The latest earnings results from Carrier Global Corporation (NYSE: CARR) was released for Mar, 2023. According to the Building Products & Equipment Company, earnings per share came in at $0.52, beating analysts’ expectations of $0.48 by 0.04. This compares to $1.59 EPS in the same period last year. The net profit margin was 12.00% and return on equity was 34.00% for CARR. The company reported revenue of $5.27 billion for the quarter, compared to $4.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.3 percent. For the current quarter, analysts expect CARR to generate $5.83B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/24/2023. Investors who held shares on 05/05/2023 were paid a $0.185 dividend. On an annualized basis, this represents a $0.74 dividend and a 1.73% percent yield. There was an ex-dividend date of 05/04/2023 for this dividend. In terms of dividend payout ratio, CARR is presently at 22.30%.
Carrier Global Corporation(CARR) Company Profile
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. It operates through three segments: HVAC, Refrigeration, and Fire & Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. Its products include air conditioners, heating systems, controls, and aftermarket components, as well as aftermarket repair and maintenance services and building automation solutions. The Refrigeration segment offers transport refrigeration and monitoring products and services, as well as digital solutions for trucks, trailers, shipping containers, intermodal applications, food retail, and warehouse cooling; and commercial refrigeration solutions, such as refrigerated cabinets, freezers, systems, and controls. The Fire & Security segment provides various residential, commercial, and industrial technologies, including fire, flame, gas, smoke, and carbon monoxide detection; portable fire extinguishers; fire suppression systems; intruder alarms; access control systems; video management systems; and electronic controls. Its other fire and security service offerings comprise audit, design, installation, and system integration, as well as aftermarket maintenance and repair and monitoring services. The company offers its products under the Autronica, Det-Tronics, Edwards, Aritech, Fireye, GST, Kidde, LenelS2, Marioff, Onity, and Supra; Carrier, Toshiba, Automated Logic, Bryant, CIAT, Day & Night, Heil, NORESCO, and Riello; and Carrier Commercial Refrigeration, Carrier Transicold, and Sensitech brands. The company was incorporated in 2019 and is headquartered in Palm Beach Gardens, Florida.
