Watching Carrier Global Corporation (CARR) For Insider Activity

Carrier Global Corporation (NYSE:CARR) traded on Tuesday with an addition of $0.73 to $53.06, an upside of 1.39 percent. An average of 3,971,821 shares of common stock have been traded in the last five days. There was a gain of $1.09 in the past week. The last 20 days have seen an average of 5,000,300 shares traded, while the 50-day average volume stands at 4,297,806.

CARR stock has decreased by -9.65% in the last month. The company shares reached their 1-month lowest point of $51.13 on 10/01/21. With the stock rallying to its 52-week high on 08/30/21, shares of the company touched a low of $31.45 and a high of $58.89 in 52 weeks. In spite of this, the price is down -9.90% from the 52-week high.

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Insider Transactions

47 days have passed since Carrier Global Corporation (CARR) last reported insider trading activity. Agrawal Ajay, who is Senior VP, Strategy & Services, most recently acquired $18,969 shares at $55.13 per share on Aug 19. In this transaction, the insider spent $1,045,825. President, HVAC, Nelson Christopher John, disposed of 96,583 shares at a price of $55.08 on Aug 17. The insider now owns more than $5,319,589 worth of shares. Prior to that, President, Refrigeration Appel David went on to Sale 34,259 shares at $57.38 each on Aug 04. An amount of $1,965,709 was transacted.

Valuation Metrics

Carrier Global Corporation (CARR) has a trailing price-to-earnings (P/E) ratio of 18.62, which compares with the 14.26 for the broader industry and 28.50 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Carrier Global Corporation’s PE ratio has ranged between 23.04 and 4.752. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.27, the price-to-book (PB) ratio at 6.73, and the price-to-cash flow ratio at 35.73.

Carrier Global Corporation will next go ex-dividend on 1-Nov. The next dividend payment Carrier Global Corporation will make is expected to be $0.12.

The quick ratio of Carrier Global Corporation for the three months ended June 29 was 1.20, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.42 and a total debt to equity ratio of 1.44 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 29.80%. Carrier Global Corporation’s EBITDA margin for the year ending June 29 is 13.09%, while its operating margin for the same period stands at 18.60%. Its gross profit as reported stood at $5.11 billion compared to revenue of $17.46 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Carrier Global Corporation’s return on assets was 9.80%, compared to over the last five years. In the past year, the return on investment has been 13.60%, and the 5-year average is. Meanwhile, the return on equity (ROE) for the past 12 months has been 40.60% and the 5-year average holds at. For the broader industry, ROE averaged 6.69 over the past year.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Carrier Global Corporation (CARR) price momentum. RSI 9-day as of the close on 04 October was 46.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.72%.

As of today, CARR’s price is $52.49 +2.10% or $1.09 from its 5-day moving average. CARR is currently trading -5.64% lower than its 20-day SMA and +22.66% higher than its 100-day SMA. However, the stock’s current price level is +2.99% above the SMA50 and +37.08% above the SMA200.

The stochastic %K and %D were 31.03% and 23.81%, respectively, and the average true range (ATR) was 1.27. With the 14-day stochastic at 40.65% and the average true range at 1.25, the RSI (14) stands at 45.16%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.36.

Analyst Ratings

Wolfe Research downgraded Carrier Global Corporation (NYSE: CARR) to a a Peer perform rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for Carrier Global Corporation (CARR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CARR, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 others rate it as a “buy”.

What is CARR’s price target for the next 12 months?

Analysts predict a range of price targets between $49.00 and $70.00, with a median target of $60.00. Taking a look at these predictions, the average price target given by analysts for Carrier Global Corporation (CARR) stock is $60.17.


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