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Wednesday, September 27, 2023

Momentum Is Strong For Carrier Global Corporation (NYSE: CARR)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Carrier Global Corporation (CARR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.09, or 0.15%, to $58.75. The Carrier Global Corporation has recorded 102,012 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Carrier and Viessmann Climate Solutions Webcast.

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Stocks Info

This NYSE-listed company operates within the Building Products & Equipment industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $58.66 and fluctuated between $59.25 as its day high and $57.11 as its day low. The current market capitalization of Carrier Global Corporation is $47.95B. A total of 7.18 million shares were traded on the day, compared to an average of 5.01M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, CARR has seen 3 BUY and 11 SELL insider trades, representing the acquisition of 282,611 and the disposition of 315,611 shares. Over the last 12 months, there were 38 BUYs and 63 SELLs from insiders. Insiders purchased 2,086,090 shares during that period but sold 1,708,103.

In the most recent transaction, Timperman Jurgen sold 164,450 shares of CARR for 59.25 per share on Jul 31. After the transaction, the President, Fire & Security now owns 0 company shares. In a previous transaction on Jul 31, Timperman Jurgen sold 33,000 shares at 59.20 per share. CARR shares that President, Fire & Security owns now total 6,747.

Among the insiders who sold shares, Crockett Kyle disposed of 6,817 shares on Jul 31 at a per-share price of $59.22. This resulted in the Vice President, Controller holding 42 shares of CARR after the transaction. In another insider transaction, Timperman Jurgen sold 138,956 shares at $45.01 per share on Jun 08. Company shares held by the President, Fire & Security now total 0.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Carrier Global Corporation pays an annual dividend of $0.74, resulting in a dividend yield of 1.26%, and it has a price to earnings (P/E) ratio of 23.28. CARR’s most recent ex-dividend date was 6/22/2023 when it declared a $0.1850 quarterly dividend that was paid in cash on 8/10/2023. Previously, the company paid the dividend on 5/24/2023 with an ex-dividend date of 5/4/2023. The CARR stock dividend was $0.1850 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for CARR in the last 3 months, the mean price target is $59.84 with high estimates of $67.00 and low estimates of $46.00. In terms of 52-week highs and lows, CARR has a high of $60.04 and a low of $33.10.

As of this writing, CARR has an earnings estimate of $0.79 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.82 per share and a lower estimate of $0.75. The company reported an EPS of $0.52 in the last quarter, which was 8.30% higher than expectations of $0.48.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CARR’s latest balance sheet shows that the firm has $2.99B in Cash & Short Term Investments as of fiscal 2021. There were $10.22B in debt and $6.63B in liabilities at the time. Its Book Value Per Share was $9.53, while its Total Shareholder’s Equity was $7.09B.

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, 0 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 Buy with a score of 4.00.

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