Financial Analysis: Carrier Global Corp (CARR)’s Ratios Unveil Key Insights

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As of close of business last night, Carrier Global Corp’s stock clocked out at $64.22, down -2.28% from its previous closing price of $65.72. In other words, the price has decreased by -$2.28 from its previous closing price. On the day, 4.5 million shares were traded. CARR stock price reached its highest trading level at $65.9 during the session, while it also had its lowest trading level at $63.95.


To gain a deeper understanding of CARR’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 43.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.59. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 1.51 whereas as Long-Term Debt/Eq ratio is at 1.40.

On October 06, 2023, JP Morgan Downgraded its rating to Underweight which previously was Neutral but kept the price unchanged to $53.

BofA Securities Downgraded its Neutral to Underperform on October 05, 2023, whereas the target price for the stock was revised from $62 to $55.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 21 ’24 when Crockett Kyle sold 4,611 shares for $66.39 per share. The transaction valued at 306,134 led to the insider holds 2,042 shares of the business.

O’Connor Kevin J. sold 20,000 shares of CARR for $1,314,624 on May 16 ’24. The Senior VP & CLO now owns 46,083 shares after completing the transaction at $65.73 per share. On May 10 ’24, another insider, Villeneuve Nadia, who serves as the Senior VP & CHRO of the company, sold 98,428 shares for $65.40 each. As a result, the insider received 6,437,664 and left with 85,028 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CARR now has a Market Capitalization of 57862987776 and an Enterprise Value of 74295025664. As of this moment, Carrier’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.66, and their Forward P/E ratio for the next fiscal year is 20.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.52 while its Price-to-Book (P/B) ratio in mrq is 5.00. Its current Enterprise Value per Revenue stands at 3.229 whereas that against EBITDA is 24.367.

Stock Price History:

The Beta on a monthly basis for CARR is 1.19, which has changed by 0.3365245 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, CARR has reached a high of $66.50, while it has fallen to a 52-week low of $45.68. The 50-Day Moving Average of the stock is 4.18%, while the 200-Day Moving Average is calculated to be 13.75%.

Shares Statistics:

It appears that CARR traded 4.10M shares on average per day over the past three months and 3467480 shares per day over the past ten days. A total of 901.01M shares are outstanding, with a floating share count of 841.17M. Insiders hold about 6.64% of the company’s shares, while institutions hold 85.13% stake in the company. Shares short for CARR as of 1715731200 were 14937329 with a Short Ratio of 3.74, compared to 1713139200 on 14308344. Therefore, it implies a Short% of Shares Outstanding of 14937329 and a Short% of Float of 2.6300002.

Dividends & Splits

With its trailing 12-month dividend rate of 0.75, CARR has a forward annual dividend rate of 0.75. Against a Trailing Annual Dividend Yield of 0.011412051

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