Carrier Global Corporation [CARR] is -26.16% lower this YTD. Is it still time to buy?

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Carrier Global Corporation [NYSE: CARR] loss -4.55% on the last trading session, reaching $40.05 price per share at the time. The company report on April 14, 2022 that Carrier Board of Directors Declares Quarterly Cash Dividend.

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Carrier Global Corporation (NYSE:CARR), the leading global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, announced today that its Board of Directors declared a quarterly dividend of $0.15 per outstanding share of Carrier common stock. The dividend will be payable on May 19, 2022 to shareowners of record at the close of business on April 29, 2022.

Carrier Global Corporation represents 865.00 million in outstanding shares, while the company has a total market value of $35.62 billion with the latest information. CARR stock price has been found in the range of $39.93 to $41.78.

If compared to the average trading volume of 4.97M shares, CARR reached a trading volume of 5154552 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Carrier Global Corporation [CARR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CARR shares is $53.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CARR stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Carrier Global Corporation shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on February 09, 2022. While these analysts kept the previous recommendation, Morgan Stanley dropped their target price from $58 to $54. The new note on the price target was released on February 09, 2022, representing the official price target for Carrier Global Corporation stock. Previously, the target price had yet another drop from $57 to $50, while Mizuho kept a Neutral rating on CARR stock. On February 09, 2022, analysts decreased their price target for CARR shares from 56 to 53.

The Average True Range (ATR) for Carrier Global Corporation is set at 1.24, with the Price to Sales ratio for CARR stock in the period of the last 12 months amounting to 1.73. The Price to Book ratio for the last quarter was 5.12, with the Price to Cash per share for the same quarter was set at 3.36. Price to Free Cash Flow for CARR in the course of the last twelve months was 24.13 with Quick ratio for the last quarter at 1.40.

Trading performance analysis for CARR stock

Carrier Global Corporation [CARR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.76. With this latest performance, CARR shares dropped by -13.67% in over the last four-week period, additionally sinking by -26.65% over the last 6 months – not to mention a drop of -10.92% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CARR stock in for the last two-week period is set at 32.86, with the RSI for the last a single of trading hit 29.00, and the three-weeks RSI is set at 35.74 for Carrier Global Corporation [CARR]. The present Moving Average for the last 50 days of trading for this stock 44.55, while it was recorded at 41.99 for the last single week of trading, and 51.03 for the last 200 days.

Carrier Global Corporation [CARR]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Carrier Global Corporation [CARR] shares currently have an operating margin of +12.07 and a Gross Margin at +29.15. Carrier Global Corporation’s Net Margin is presently recorded at +8.07.

Return on Equity for this stock inclined to 25.56, with Return on Assets sitting at 6.49.

Carrier Global Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.70.

Carrier Global Corporation [CARR]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CARR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Carrier Global Corporation go to 12.01%.

An analysis of insider ownership at Carrier Global Corporation [CARR]

There are presently around $30,785 million, or 87.60% of CARR stock, in the hands of institutional investors. The top three institutional holders of CARR stocks are: VANGUARD GROUP INC with ownership of 91,336,281, which is approximately -0.382% of the company’s market cap and around 0.09% of the total institutional ownership; CAPITAL RESEARCH GLOBAL INVESTORS, holding 69,450,096 shares of the stock with an approximate value of $2.91 billion in CARR stocks shares; and CAPITAL WORLD INVESTORS, currently with $2.75 billion in CARR stock with ownership of nearly 8.496% of the company’s market capitalization.

Positions in Carrier Global Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 551 institutional holders increased their position in Carrier Global Corporation [NYSE:CARR] by around 36,850,141 shares. Additionally, 641 investors decreased positions by around 44,417,402 shares, while 224 investors held positions by with 652,397,872 shares. The mentioned changes placed institutional holdings at 733,665,415 shares, according to the latest SEC report filing. CARR stock had 151 new institutional investments in for a total of 7,438,637 shares, while 103 institutional investors sold positions of 5,465,397 shares during the same period.