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Wednesday, February 1, 2023

This Is Too Hot For Carrier Global Corporation (NYSE: CARR), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Carrier Global Corporation (CARR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.07%, to $42.54. The Carrier Global Corporation has recorded 334,356 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Carrier Fourth Quarter Earnings Advisory.

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Stocks Info

As a NYSE listed company, CARR falls under the Industrials sector while operating within the Building Products & Equipment industry segment. At the end of the last regular session, the stock closed at $42.57 and fluctuated between $42.65 as its day high and $41.77 as its day low. The current market capitalization of Carrier Global Corporation is $35.05B. A total of 5.22 million shares were traded on the day, compared to an average of 3.80M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CARR has seen 6 BUY and 14 SELL insider trades, representing the acquisition of 212,598 and the disposition of 241,058 shares. Over the last 12 months, there were 21 BUYs and 30 SELLs from insiders. Insiders purchased 661,737 shares during that period but sold 408,103.

In the most recent transaction, Timperman Jurgen sold 39,475 shares of CARR for 43.54 per share on Nov 29. After the transaction, the President, Fire & Security now owns 39,474 company shares. In a previous transaction on Nov 29, Timperman Jurgen sold 102,552 shares at 43.57 per share. CARR shares that President, Fire & Security owns now total 0.

Among the insiders who sold shares, Crockett Kyle disposed of 3,682 shares on Feb 04 at a per-share price of $45.73. This resulted in the Vice President, Controller holding 12 shares of CARR after the transaction.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Carrier Global Corporation pays an annual dividend of $0.74, resulting in a dividend yield of 1.74%, and it has a price to earnings (P/E) ratio of 10.29. CARR’s most recent ex-dividend date was 12/21/2022 when it declared a $0.1850 quarterly dividend that was paid in cash on 2/10/2023. Previously, the company paid the dividend on 11/21/2022 with an ex-dividend date of 10/27/2022. The CARR stock dividend was $0.15 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CARR in the last 3 months, the mean price target is $47.22 with high estimates of $55.00 and low estimates of $40.00. In terms of 52-week highs and lows, CARR has a high of $50.19 and a low of $33.10.

As of this writing, CARR has an earnings estimate of $0.42 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.48 per share and a lower estimate of $0.32. The company reported an EPS of $0.69 in the last quarter, which was 11.30% higher than expectations of $0.62.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 24 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CARR is Sell with a score of 4.00. A total of 9 analysts rated the stock as Buy while 3 rated it as Overweight while 12 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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